"Banging the gong" means that the Fed

A) has lowered the discount rate and raised the fed funds target rate.
B) has raised the discount rate and lowered the fed funds target rate.
C) changes the discount rate and the fed funds target rate simultaneously.
D) sells securities in the open market.

Banging The Gong

A ceremonial act of ringing a gong, often used to signify the opening or closing of trading on a stock exchange.

Discount Rate

The charge applied by the Federal Reserve on loans provided to commercial banks and various financial establishments via its discount window.

Fed Funds Target Rate

The interest rate at which banks lend reserve balances to other banks overnight, as determined by the Federal Reserve, influencing overall monetary and financial conditions.