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Understanding Economic Tools and Rates in Plain English
A plain spoken explainer outlines how discount and prime rates, money supply, and the surcharge affect lending and the economy. It covers how lower discount rates spur lending, how the prime rate signals available money, how Fed actions change loan availability, and why the soy surcharge was set to curb imports. The piece ends noting improved indoor plumbing as a jab at nostalgia.
MENTIONED IN THIS ARTICLE
Laurance F. Stuntz
Associated Press
NEW York (Ap
Federal Reserve
Federal Reserve Banks
First National City Bank
General Motors
Federal Reserve Board
Nixon