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    FOMC goals

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    How does the FOMC accomplish the open market short term interest rate?

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    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 ...

    Solution Summary

    FOMC goals and purposes are mentioned.