Obama Could Be The First U.S. President To Never See A Fed Rate Hike

Could Obama be the first U.S. president to never see a Fed rate hike?
The Fed announced today that it would forgo raising shorting term interest rates, a story that’s been told since September 2007 (August 2007 if you’re using the effective Federal Funds rate).

Here’s a look at the Federal Funds effective rate over the past 10 loosening cycles, labeled by when the loosening cycle started according to the effective federal funds rate.

(As . . .


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