Answer:
Federal Funds Rate affects consumers looking to take out loan by ultimately making an impact on the rates of interest charged by the banks.
Step-by-step explanation:
The commercial banks in the country borrow money from Federal Reserve whenever need be. The Federal Reserve charges the banks that borrow money from it a certain rate of interest. When rate of interest charged by Federal Reserve in lowered, it culminates in banks lowering their interest rates which directly affects consumers' decision of taking a loan positively. The vice versa is also true.