(Solved): Note that the direction of the change in the IOER rate will be the same as that the Fed would make i ...

Note that the direction of the change in the IOER rate will be the same as that the Fed would make in the federal funds rate target range. For example, if the Fed wants to tighten policy to get inflation under control and slow down spending, it would: Raise the IOER rate Lower the IOER rate