In an effort to address the troubled economy, ..."For the ninth time in just over a year, the Federal Reserve is expected to cut interest rates, quite possibly its last reduction in this downturn." Rates have not been this low "... since 2003, when the economy was growing at a snail's pace."
Www)csmonitor.com, 10/28/2008
The "interest rates" the Fed is cutting is the ________.

Question

Quizplus · Accepted Answer

The Federal Funds rate is the main interest rate controlled by the Federal Reserve, and the one that is being cut in this article. The other options (reserve interest rate, nominal long-term interest rate, real long-term interest rate) are not mentioned in the article and are not being specifically targeted for reduction.

In an Effort to Address the Troubled Economy