Retrieving "Administered Rates" from the archives

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1. Federal Reserve

   Linked via "administered rates"

   Interest Rate Management
   The primary mechanism for adjusting monetary policy is influencing short-term interest rates. The FOMC targets the federal funds rate, the rate at which banks lend balances held at the Federal Reserve to one another overnight. In practice, the Fed influences this rate through administered rates, such as the [Interest on Reserve Balances (IORB) rate](/entries/interest-on-…