San Francisco Fed

I find definitions of the federal funds rate stating that it can be both above and below the discount rate. Which is correct?

Great question! The correct answer depends on the time period. Since January 2003, when the Federal Reserve System implemented a “penalty” discount rate policy, the discount rate has been about 1 ...
San Francisco Fed

How low has the Federal Reserve’s Discount Rate fallen in the past? Has it ever fallen to zero?

The discount rate is the interest rate the Federal Reserve Banks set on secured overnight loans to depository institutions. The Federal Reserve Bank of New York’s discount rate was 1.00 percent from ...
WBUR

National Grid proposes more generous discount rates for low-income electric customers in Mass.

Massachusetts has some of the highest electric rates in the country, and every year, many residents struggle to pay their utility bills. To help to make energy more affordable, utilities offer ...
Reuters

Chicago and NY Fed directors favored discount rate cut in July

Aug 27 (Reuters) - Members of the boards of directors overseeing the Chicago and New York Federal Reserve banks voted in favor of lowering by a quarter percentage point the central bank’s discount ...