![Education | I find definitions of the federal funds rate stating that it can be both above and below the discount rate. Which is correct? Education | I find definitions of the federal funds rate stating that it can be both above and below the discount rate. Which is correct?](https://www.frbsf.org/education/files/drecon_0409a.gif)
Education | I find definitions of the federal funds rate stating that it can be both above and below the discount rate. Which is correct?
![Education | When the Fed announces a new discount rate decision, who makes the decision? Do they use the same information and research that are used by the Federal Open Market Committee Education | When the Fed announces a new discount rate decision, who makes the decision? Do they use the same information and research that are used by the Federal Open Market Committee](https://www.frbsf.org/education/files/drecon_0808a.gif)
Education | When the Fed announces a new discount rate decision, who makes the decision? Do they use the same information and research that are used by the Federal Open Market Committee
![Education | How low has the Federal Reserve's Discount Rate fallen in the past? Has it ever fallen to zero? Education | How low has the Federal Reserve's Discount Rate fallen in the past? Has it ever fallen to zero?](https://www.frbsf.org/education/files/drecon_0208a.gif)