Re:Federal Reserve pushes interest rates above 5% for first ...
by throwoutway on Thursday May 04, 2023 @10:59AM
(#35816409)
It's gone higher:
> The fed funds rate began the decade at a target level of 14 percent in January 1980. By the time officials concluded a conference call on Dec. 5, 1980, they hiked the target range by 2 percentage points to 19-20 percent, its highest ever.
> The fed funds rate began the decade at a target level of 14 percent in January 1980. By the time officials concluded a conference call on Dec. 5, 1980, they hiked the target range by 2 percentage points to 19-20 percent, its highest ever.
https://www.bankrate.com/banking/federal-reserve/history-of-...