Effective Federal Funds Rate Historically Misses Target
Created on December 15, 2015
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Read the original report, "Fascination with Interest Rates Hides the Fed’s Policy Blunders," by Norbert J. Michel.
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Note: Figures are not seasonally adjusted. Source: Federal Reserve Bank of St. Louis, Economic Data, https://research.stlouisfed.org/fred2/graph/?graph_id=176719 (accessed December 11, 2015).
CHART 2 • IB 4500
Tags: Federal-Reserve, federal-funds-rate, monetary-policy-reforms