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SCOUT· 66%27m·2025-10-03·Money

Lots More with Joe Abate on the Fed's New Target and the Rising Price of Money
Odd Lots
We're used to talking about the Federal Reserve changing "benchmark interest rates." But the mechanics of how the central bank actually tightens or loosens policy are a lot more nuanced. For years now, the Fed's been doing this through the federal funds market — where US banks lend and borrow their excess reserves.…
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