The central function of the Fed is to help manage the macroeconomy by setting the interest rate.

Name: The central function of the Fed is to help manage the macroeconomy by setting the interest rate.
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Question

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The Fed's main tool for managing the macroeconomy is the setting of the federal funds rate, which affects interest rates throughout the economy. By adjusting the interest rate, the Fed can influence borrowing and spending, which in turn affects economic growth, inflation, and employment.

The Central Function of the Fed Is to Help Manage