By Michael S. Derby (Reuters) -Federal Reserve Bank of Dallas President Lorie Logan said Thursday the time has come for the central bank to modernize how it manages money market conditions to achieve its monetary policy objectives. To do this, Logan said the central bank’s long-standing practice of targeting the federal funds lending market needs to shift, with the Fed instead managing liquidity to control the trading level of the tri-party general collateral rate, or TGCR, given the vibrancy of that mar ...

The FOMC finally lowered the federal funds rate on Sept. 17. It was the first rate cut of 2025, and Wall Street traders currently expect two more rate cuts from the Fed before the end of the year. The federal funds rate. The Fed. The FOMC. No doubt you've heard and read these terms before. But what do they mean? How does this impact your financial life? Here's what you need to know about the federal funds rate — and why it matters. We'll keep it really simple. In this article: What is the federal funds ...