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Please read : Yellens Talk of Hot U.S. Economy Extends October Long-Bond Rout and answer question below. 1/What interest rates does the Federal Reserve directly

Please read : Yellens Talk of Hot U.S. Economy Extends October Long-Bond Rout and answer question below.

1/What interest rates does the Federal Reserve directly control? Why is it common to speak about the Fed controlling interest rates, as if it controlled all of them?

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