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Updated: 6/6/2019
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  • In response to the economic crisis, the Federal Reserve’s policy making body, the Federal Open Market Committee, slashed its target for the federal funds rate over the course of more than a year, bringing it nearly to zero by December 2008. This is the lowest level for federal funds in over 50 years and effectively is as low as this key rate can go.
  • The federal reserve is still benefiting and helping many Americans to this day. I hope you learned something new today about the Federal Reserve!
  • Bye!
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