Interest Rates and the Economy: A Historical Perspective
Considering the U.S. Federal Reserve’s recent moves to raise interest rates in an effort to curb inflation, it’s timely to revisit the history of interest rates and their impact on the economy. Interest Rates History Chart Year Federal Funds Rate 1971 3.50% 1980 11.20% 1990 6.64% 2000 6.50% 2010 0.25% 2015 0.50% 2020 0.08% 2022…