Since 2002, the Fed Has Set the Primary Discount Rate

question 93

Essay

 Since 2002, the Fed has set the primary discount rate above the IOER rate. Why is this likely to prevent the spikes in the market federal funds similar to the ones that occurred in previous years? 

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Definitions:

Culture

The customs, social behavior, and norms found in human societies.

NLRA

The National Labor Relations Act, a foundational statute in United States labor law that protects the rights of employees to organize, engage in collective bargaining, and participate in concerted activities for mutual aid or protection.

NLRA

The National Labor Relations Act of 1935, a foundational statute in United States labor law which guarantees the right of private sector employees to organize into trade unions, engage in collective bargaining, and take collective action.

Solidarity Unionism

A model of labor organizing based on mutual support and direct action among workers, without formal union structures or bureaucratic involvement.