The Fed controls one interest rate in the economy - the Federal Funds Rate (FFR). Yet, all interest rates are connected via the risk premium. The longer a loan lasts, the quantity of collateral, as well as the likelihood of default all influence an asset's interest rate.
This video places the Monetary Policy (MP) curve on the graph along with the Investment/Savings (IS) curve to help determine short run recessions. This simple yet powerful model can help the Fed respond to macroeconomic shocks.
Thank you @gabrielzinho3230 Gabriel Monteiro for his writing assistance.
