The Federal Reserve System and Open Market Operations_ Ask FRED The accompanying graph depicts the effective Federal Funds Rate from 2007 to 2018. FRED-Effective Federal Funds Rate 4 2 2008 2010 2012 2014 2016 2018 Source: Board of Governors of the Federal Reserve System (US) b. What was the Federal Funds rate in January 2009? Enter your answer to two places after the decimal.

Macroeconomics
13th Edition
ISBN:9781337617390
Author:Roger A. Arnold
Publisher:Roger A. Arnold
Chapter13: The Federal Reserve System
Section: Chapter Questions
Problem 11QP
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Question
The Federal Reserve System and Open
Market Operations_ Ask FRED
The accompanying graph depicts the
effective Federal Funds Rate from 2007
to 2018.
FRED-Effective Federal Funds Rate
4
2
2008
2010
2012
2014
2016
2018
Source: Board of Governors of the Federal Reserve System (US)
b. What was the Federal Funds rate in January 2009?
Enter your answer to two places after the decimal.
Transcribed Image Text:The Federal Reserve System and Open Market Operations_ Ask FRED The accompanying graph depicts the effective Federal Funds Rate from 2007 to 2018. FRED-Effective Federal Funds Rate 4 2 2008 2010 2012 2014 2016 2018 Source: Board of Governors of the Federal Reserve System (US) b. What was the Federal Funds rate in January 2009? Enter your answer to two places after the decimal.
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