Does the Federal Reserve control or set the prime rate? 
Prime Lending Rate Federal Reserve
What is the difference between the Prime Rate and the Federal Reserve Rate?
And why do banks use the Prime Rate and not the Fed?
The prime rate is the rate the Federal Reserve lends money to depository Instutitions (ie Federal Banks, Federal Lending Institutions)
The federal funds rate is the interest rate at which private depository institutions lend balances (federal
The prime rate is the rate the Federal Reserve lends money to depository Instutitions (ie Federal Banks, Federal Lending Institutions)
The federal funds rate is the interest rate at which private depository institutions lend balances (federal
The federal funds rate is the interest rate at which private depository institutions lend balances (federal
Wednesday, the Federal Open Market Committee voted to leave the Fed Funds Rate unchanged within its current target range of 0.000-0.250 percent.
Oct. 5 (Bloomberg) -- Treasuries failed to recoup yesterday's steepest loss in a week after Federal Reserve Chairman Ben S. Bernanke said he's ready to do more to sustain US economic growth. Investors should sell 10-year notes because
Expectations of further support to the flagging global economy from central banks including the US Federal Reserve have also revived investors' hopes. But it all looks like a short relief rally." The full story is available on The Source. by John
Oct. 4 (Bloomberg) -- The euro rose from a eight-month low versus the dollar after Federal Reserve Chairman Ben S. Bernanke said he's ready to take additional steps to boost the economy, increasing bets the central bank may introduce further easing.
But credit card rates won't get any lower because of the Operation Twist, according to McBride. And if it fails to improve the limping economy, they could even rise. That's because the prime rate and federal funds rate don't necessarily move in