How does the FOMC accomplish the open market short term interest rate?
Federal Open Market Committee accomplish the open market short term interest rate through change of discount rate.
<br>The discount rate is the interest rate charged to commercial banks and other depository institutions on loans they receive from their regional Federal Reserve Bank's lending facility--the discount window. The Federal Reserve Banks offer three discount window programs to depository institutions: primary credit, secondary credit, and seasonal ...
FOMC goals and purposes are mentioned.