U. S. Monetary Policy
December 16, 2008 - Federal Reserve lowered
target for overnight Fed Funds rate to range of 0.25%
(essentially 0% - similar to zero-rate policies used by Japan in
fight against deflation); lowest rate in history - July 1954
(0.80) - June 1981 (19.10) - December 2008 (0.25).
(source: http://research.stlouisfed.org/fred2/data/FEDFUNDS_Max_630_3778.png)
December 16, 2008 - Federal Reserve lowered
target for overnight Fed Funds rate to range of 0.25%
(essentially 0% - similar to zero-rate policies used by Japan in
fight against deflation); lowest rate in history - July 1954
(0.80) - June 1981 (19.10) - December 2008 (0.25).
(source: http://research.stlouisfed.org/fred2/data/FEDFUNDS_Max_630_3778.png)
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