Question content area
Part 1
In 2015, one article in the Wall Street Journal discussed the possibility of "a September quarter-point increase in the Fed's range for overnight target rates," while another article noted, "the U.S. central bank's discount rate...has been set at 0.75% since February 2010."
Sources: Justin Lahart, "Jobs Give Fed Green Light; Inflation Sets Speed Limit," Wall Street
Journal,
August 7, 2015; and Ben Leubsdorf, "Five Regional Fed Banks Asked to Raise Discount Rate," Wall Street
Journal,
July 14, 2015.
What is the name of the "target interest rate" mentioned in this article?
A.
The discount rate.
B.
The prime rate.
C.
The mortgage rate.
D.
The federal funds rate.