Explain the steps involved in increasing the interest rate

Reference no: EM131926511

Question: The Fed recently announced that they were raising the federal funds rate in March. Explain the steps involved in increasing the interest rate. (i.e. what part of the Fed sets the interest rate, what part causes the rate to change, and what they do to change the interest rate).

Reference no: EM131926511

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Explain the steps involved in increasing the interest rate : The Fed recently announced that they were raising the federal funds rate in March. Explain the steps involved in increasing the interest rate.

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