They do so by taking their higher discount rate from the money market, where people exchange future money for present money, and vice versa.

他们从货币市场中采用更高的折现率，在那里人们将现在与未来的钱进行交换。

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Tomorrow, when the Open Market Committee meets, everyone expects them to reduce the Fed funds by another full point, with a corresponding further cut in the discount rate.

明天公开市场委员会开会时，每个人都希望他们进一步降低再贴现率，大幅削减美联储基金。

youdao

The market rate of interest can not directly substitute the social discount rate for its defect on preference revealing, interest forming, the reward of risk, etc.

而市场利率由于在偏好揭示、利率形成、风险报酬等方面的缺陷，又不能直接替代社会贴现率。

youdao

As the storm gathered during 2008, the Fed aggressively eased monetary policy by using such open market operations (supplemented by discount rate reductions) to drive short-term interest rates to near-zero levels.

FORBES: Nothing to Fear from Fed's Monetary Ease

The Fed would use the discount rate rather than the federal funds market to supply or withdraw credit in response to any imbalance between supply and demand for it.

FORBES: Recreating A Real Gold Standard

It has long been against the rules for banks to engage in arbitrage by borrowing at the discount rate and lending in the Fed Funds market at a higher rate.

FORBES: What The Discount Rate Hike Is Really About