Powell Seeks to Assert Control Over Fed Funds With IOER Tweak
A Federal Reserve police officer walks past the Marriner S. Eccles Federal Reserve building in Washington, D.C. (Photographer: Andrew Harrer/Bloomberg)

Powell Seeks to Assert Control Over Fed Funds With IOER Tweak

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(Bloomberg) -- The Federal Reserve on Wednesday lowered the rate on one of the tools it uses to help control its benchmark even as it left unchanged the overall target range for the fed funds rate.
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