People think of the Fed as synonymous with interest rates, but it does ... of the cash deposits they have on hand as reserves. These reserve requirements are also known as federal funds.

After they’re done analyzing the outlook for inflation and employment, Federal Reserve chairman Jerome ... each other for lending or borrowing cash overnight. But the Fed can’t force banks ...

The major mandate of the Federal Reserve is to keep the US financial system solvent and manage the amount of cash and readily available funds in circulation. It does so by lowering and raising ...