> Fed's stunt with 2-3% interest rates in 2020-2022 Really? Fed funds rate was a... | Hacker News

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landemva on Nov 30, 2023 | parent | context | favorite | on: U.S. GDP Grew at a 5.2% Rate in the Third Quarter,...

> Fed's stunt with 2-3% interest rates in 2020-2022

Really?

Fed funds rate was about 2.5% in 2019, because Fed raised rates when Trump took office. Fed funds rate scraped zero in 2020 and 2021.

https://fred.stlouisfed.org/series/fedfunds

sgerenser on Nov 30, 2023 [–]

Yeah, I assume the 2-3% rates is referring to mortgage rates, which isn’t directly caused by the fed but was certainly influenced by the fed setting short-term rates at 0.

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