Recently the Federal Reserve raised interest rates by 0.25%. It seems to me that in the modern era there is no reason to pick a round number like 0.25%. It also seems to me that they could / should fine tune interest rates by increasing them a little bit every week. Say by 0.05%. I understand in the past, that you could not have have 14 way calling but those days are gone. For example, we have Zoom and Skype.
Is there something I am missing?