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The Fed's fed funds target isn't about funds, it's about the Fed and it shouldn't be.

Eurodollar University

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Is the Federal Reserve Controlling Interest Rates?

The Federal Reserve controls interest rates through a specific Federal Fund's rate mechanism. Up means tightening, down means loosening. At least that's what we're told and that's what the Fed wants you to believe. In practice, it is anything but in fact, as we've seen numerous times throughout history,.

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