Plain-English definitions for the terms you'll encounter on your financial journey.
The interest rate charged to commercial banks and other depository institutions on loans they receive from their regional Federal Reserve Bank's lending facility. It influences other interest rates in the economy.
The statutory objectives of the Federal Reserve to promote maximum employment and stable prices.
The interest rate at which depository institutions lend reserve balances to other depository institutions overnight. It is the target rate set by the Federal Reserve to guide monetary policy.
The central banking system of the United States. It is responsible for conducting monetary policy and maintaining the stability of the financial system.