What is the federal reserve best known for

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asked Aug 1, 2021 30.0k views

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Helt · Answer 1 · 2021-08-08T03:41:46+0000

The Fed is best known for setting short-term interest rates. It does so by raising or lowering its target for the federal funds rate, which is the rate banks charge other banks to lend money.

What is the federal reserve best known for

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