Consider ping pong and pool table.
Consider ping pong and pool table.
One that kills me (though it's different) is that after every Fed meeting, they report on the Fed funds rate even though almost no interbank lending happens at that rate. They don't report the rate paid on reserves which the Fed actually pays out on trillions.
One that kills me (though it's different) is that after every Fed meeting, they report on the Fed funds rate even though almost no interbank lending happens at that rate. They don't report the rate paid on reserves which the Fed actually pays out on trillions.