Federal funds

基本解释

If the Fed wants to push the Federal Funds Rate up and down it goes and buys short-term government bonds.
如果联邦希望推动,联邦资金利率上升下降,它将会去买短期的政府债券。
In 2003 they decided to change that and they decided to raise the discount rate above the Federal Funds Rate.
在2003年，他们决定改变这个现状,并且决定将贴现率提升到,联邦资金利率之上。
They were worried that if the discount rate is fifty basis points below the Federal Funds Rate then it's going to hit zero and that would be embarrassing; so they moved it.
他们担忧的是,如果贴现率比,联邦资金利率低五十个基本点,那么它将会接近零点,并且那将会很尴尬；所以他们改变了它。

"The committee continues to anticipate that the economic conditions -- including low rates of resource utilization, subdued inflation trends and stable inflation expectations -- are likely to warrant exceptionally low levels for the federal funds rate for an extended period."
If the Fed wants to push the Federal Funds Rate up and down it goes and buys short-term government bonds.
如果联邦希望推动,联邦资金利率上升下降,它将会去买短期的政府债券。
耶鲁公开课 - 金融市场课程节选
At that time, the Fed had cut the Federal Funds Rate to 1%, we had very low short rates.
当时联储局将联邦基金利率降至1%,短期利率非常低
耶鲁公开课 - 金融市场课程节选

Neither will targeting the Federal Funds interest rate, no matter how the target is chosen.
FORBES: Sorry Paul Krugman, But We Still Need Say's Law