The interest rate that the FOMC currently chooses to control is:

Name: The interest rate that the FOMC currently chooses to control is:
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The FOMC (Federal Open Market Committee) chooses to control the federal funds rate, which is the interest rate at which depository institutions (such as banks) lend their excess reserves to each other overnight. By influencing this rate, the FOMC can affect the overall level of interest rates in the economy and influence borrowing and spending behavior.

The Interest Rate That the FOMC Currently Chooses to Control