“The Fed’s Great Rate Debate”
“There are plenty of experts who argue that the Fed should move sooner rather than later to raise the federal funds rate, its key lending rate that is used as a benchmark for the interest paid on credit cards, home equity loans and many business loans. Keeping that rate, also known as the fed funds rate, low is one of the tools used by the central bank to try to spur economic activity. This rate has been near 0% since December 2008.” Read more.
“The Fed’s Great Rate Debate”
Chris Isidore
CNNMoney.com, February 19, 2010.
