The Federal Reserve boosted the fund, or interest, rate today another 1/4 percent to 5 percent, the highest rate in five years. So, how does this type of monetary and fiscal policies influence other interest rates? Do you think mortgage rates will be affected? Credit Cards? Or, how about savings??? Thoughts......© BrainMass Inc. brainmass.com March 4, 2021, 7:05 pm ad1c9bdddf
The Federal Reserve controls the three tools of monetary policy--open market operations, the discount rate, and reserve requirements. The term "monetary policy" refers to the actions undertaken by a central bank, such as the ...
This discusses the type of monetary and fiscal policies influence other interest rates.