Interest rates are outputs, not inputs, from a complex adaptive system
Then what is the federal funds rate?
that is thoroughly detailed in The Fed, Part 4 here:
https://backthebunny.substack.com/p/the-fed-part-4-the-federal-reserve
Then what is the federal funds rate?
that is thoroughly detailed in The Fed, Part 4 here:
https://backthebunny.substack.com/p/the-fed-part-4-the-federal-reserve