Inside the Federal Reserve
Chapter 1
The secret birth of the Fed
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Chapter 2
The magic lever of interest rates
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Chapter 3
Printing money and fighting inflation
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Chapter 4
The global ripple effect of the dollar
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YOUR GOAL
Master of Inside the Federal Reserve
Ch 2 · The magic lever of interest rates
sloane Federal Reserve Interest Rates
The Fed's benchmark rate, A silent hand guiding all your costs, From loans to how much your savings grow.
Fun Fact
Eight secret meetings: The Federal Open Market Committee meets exactly eight times a year in Washington to decide if your borrowing costs go up or down.
Glossary
interest rate (noun)
The proportion of a loan that is charged as interest to the borrower, typically expressed as an annual percentage. The Federal Reserve manipulates this baseline to regulate inflation and influence American mortgage and credit card costs.
The proportion of a loan that is charged as interest to the borrower, typically expressed as an annual percentage. The Federal Reserve manipulates this baseline to regulate inflation and influence American mortgage and credit card costs.
Quiz
What is the name of the Federal Reserve committee that meets eight times a year to set interest rates?
Quiz
Which financial product is most likely to pay you more money when the Fed raises interest rates?
Quiz
What is the primary goal of the Fed raising interest rates when the economy is overheating?
Quiz
How many times a year does the Federal Open Market Committee regularly schedule its policy meetings?
Quiz
What happens to existing credit card debt when the Federal Reserve raises its benchmark rate?
Quiz
What is the interest rate called that commercial banks charge each other for overnight loans?
Quiz
How does raising interest rates typically affect the overall demand for goods and services?