By Mike Zschunke - June 17, 2025
Who Sets Interest Rates? (Simplified for the General Public)
Researched and Written by Mike Zschunke, Scottsdale, AZ, June 2025
In the United States, the Federal Reserve, often called "the Fed," is in charge of setting a “target” interest rate called the Federal Funds rate. This is the rate banks charge each other to borrow money overnight. It’s a big deal because it affects borrowing costs for