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

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Harrison Roger
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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 a note: a loosening cycle is when the Federal Reserve consistently lowers short-term interest rates through the use of its Federal Funds target rate.) Perhaps…


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Roger is an economic adviser and active angel investor. He owns various economics firms. His work allows him a diverse group of clients across the globe, including the United States, Europe, and Asia. He holds a Ph.D. in business economics.

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