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Fed by büşra çakmak is a document available to read on EtoBox.
The Federal Reserve has tools to implement monetary policy to achieve its dual mandate of maximum employment and price stability. The FOMC sets a target range for the federal funds rate, which is the interest rate at which banks lend balances held at the Federal Reserve to other banks. The Fed uses its primary tool, interest on reserve balances, to influence market interest rates by setting the IORB rate above or below the target range. If the IORB rate is higher, banks will prefer to deposit excess reserve
- Author
- büşra çakmak
- Language
- EN