Too Low for Too Long: The Curious Case of the Federal Funds Rate
Low interest rates are a good thing, right? Anyone with a car loan or mortgage payment understands the benefits of living in a low–interest rate environment—particularly if you’re old enough to remember the double-digit days of the 1980s when the Federal Reserve ramped up rates in an effort to stave off inflation. In October 1981,…
Too Low for Too Long: The Curious Case of the Federal Funds RateDetails