I find definitions of the federal funds rate stating that it can be both above and below the discount rate. Which is correct? – Education
![Federal Reserve Bank of St. Louis Centennial, Credit Discount Window at the St. Louis Fed [Photograph] | FRASER | St. Louis Fed](https://fraser.stlouisfed.org/docs/historical/frbsl_history/media/13-0230.jpg "Federal Reserve Bank of St. Louis Centennial, Credit Discount Window at the St. Louis Fed [Photograph] | FRASER | St. Louis Fed")
Federal Reserve Bank of St. Louis Centennial, Credit Discount Window at the St. Louis Fed [Photograph] | FRASER | St. Louis Fed
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/cloudfront-us-east-2.images.arcpublishing.com/reuters/U3QECOXKNBLYPH6KUPJPJPCR6M.jpg "Fed discount window borrowing is edging up, but is it a problem? | Reuters")
Fed discount window borrowing is edging up, but is it a problem? | Reuters
:max_bytes(150000):strip_icc()/eccles-building-of-the-federal-reserve-541035116-5ad02bfbc064710038d96427.jpg "Federal Reserve Discount Window: Definition, How It Works")
Federal Reserve Discount Window: Definition, How It Works
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