Question

The Federal Reserve sets interest rates. true or false?

Answer 1

Although the Federal Reserve has no direct role in setting the prime rate, many banks choose to set their prime rates based partly on the target level of the federal funds rate--the rate that banks charge each other for short-term loans--established by the Federal Open Market Committee

Answer 2

So basically False

Answer 3

Did that help @LoveFaith18

Answer 4

yes @abbyselena2199

Answer 5

Glad I could help! Medal?

Answer 6

@LoveFaith18