Go to www.federalreserve.gov/FOMC/default.htm, the official Wed site of the Federal Open Market Committee (FOMC) of the...

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Finance

Go to www.federalreserve.gov/FOMC/default.htm, the official Wedsite of the Federal Open Market Committee (FOMC) of the FederalReserve Board. Scroll down the page and choose the link to one ofthe most recent statements from FOMC meetings.
In your initial response to the topic you have to answerall questions:
Define the Federal Funds Rate. What is the current Federal FundsRate?
Define the Federal Reserve Discount Rate. What is the currentFederal Reserve Discount Rate?
What are the factors cited in this statement that determined theFOMC’s decision of changing (or keeping constant) its target forthe federal funds rate?
Does the Fed have control over the federal funds rate and overbank reserves? If so, can the Fed control both simultaneously?

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4.4 Ratings (825 Votes)

1 Federal fund rate refers to the rate at which interest is being charged by the bank from each other in order to provide funds overnight These Federal Reserve fund help maintain the reserve requirement as prescribed by the central bank The current rate associated with federal fund accounts for 15 percent 2 The discount rate associated See Answer

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Go to www.federalreserve.gov/FOMC/default.htm, the official Wedsite of the Federal Open Market Committee (FOMC) of the FederalReserve Board. Scroll down the page and choose the link to one ofthe most recent statements from FOMC meetings.In your initial response to the topic you have to answerall questions:Define the Federal Funds Rate. What is the current Federal FundsRate?Define the Federal Reserve Discount Rate. What is the currentFederal Reserve Discount Rate?What are the factors cited in this statement that determined theFOMC’s decision of changing (or keeping constant) its target forthe federal funds rate?Does the Fed have control over the federal funds rate and overbank reserves? If so, can the Fed control both simultaneously?