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Fifteen Years of the Daily Effective Federal Funds Rate

Created on December 21, 2015

Fifteen Years of the Daily Effective Federal Funds Rate

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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: The daily effective federal funds rate is a volume-weighted average of rates on trades arranged by major brokers. The effective rate is calculated by the Federal Reserve Bank of New York using data provided by the brokers and is subject to revision.Source: Federal Reserve Bank of New York, Federal Funds Data, https://apps.newyorkfed.org/markets/autorates/fed%20funds (accessed December 12, 2015).

CHART 1 IB 4500

Tags: Federal-Reserve, federal-funds-rate, monetary-policy-reforms