LIBOR (London Interbank Offered Rate) is set by the British Bankers Association through a survey of bank borrowing rates; the Fed has no direct control over LIBOR because it is set offshore.
factualpending
Evidence Quote
“the British Bankers Association would set liore um and the way they did it is they would go around to the banks and they would do a poll and they say what rate are you quoting other Banks”
Source
The Realpolitik of Global Hegemony and USD Swap Lines— Brent Johnson Milkshakes Pod | Investing • FinanceCreated: 8/11/2026, 7:07:50 AM
My Notes
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