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To: LLCF who wrote (81677)3/16/2001 3:46:10 PM
From: Ilaine  Read Replies (2) | Respond to of 436258
 
Here's the historical fed funds rate. Wait, that's wrong, that's the discount rate - I'll be back. Edit - I won't have it before the edit window closes. I'm at the office, I have it all bookmarked at home. Sorry.

minneapolisfed.org

One thing to keep in mind is that the regional banks didn't always use to stay in line with the policy makers back then.



To: LLCF who wrote (81677)3/16/2001 4:08:39 PM
From: ahhaha  Read Replies (1) | Respond to of 436258
 
The FED's lowering didn't help much and so that aspect was no big deal, but that nominal raising really knocked the hell out of trust and expectation. The Democrats are determined to repeat something like that this time too.


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