The Federal Funds Rate is a rate that is targeted by the Fed and it's their principle target.

联邦资金利率是,一个被联邦瞄准的比率,并且是他们主要的目标。

耶鲁公开课 - 金融市场课程节选

Also, if the earnings drop, they don't want to suddenly do a crash cut in their dividends either, so they're always sluggishly adjusting toward the target payout rate.

同样,如果收益下降,他们不想匆忙的把股利降下来,所以他们总是慢慢的,朝着目标股利发放率靠近

耶鲁公开课 - 金融市场课程节选

What they did instead of just-remember the Federal Funds Rate is a target interest rate that the Fed attempts to hit through buying and selling treasury bills in the U.S. or in other countries buying and selling government bonds to affect the market.

他们真正做的事-记住,联邦资金利率是,美联储试图通过在美国,买进和卖出国库券,或在其他国家买进和卖出政府债券,来影响市场的目标利率。

耶鲁公开课 - 金融市场课程节选