In December 2008, during the credit crisis, the Fed raised the target for the federal funds rate as a range between 2.5 and 3.5 percent and maintained the federal funds rate within this range until the end of 2015 in order to stimulate the economy.

Question

Quizplus · Accepted Answer

During the credit crisis in December 2008, the Federal Reserve actually lowered the target for the federal funds rate to a range of 0 to 0.25 percent to stimulate the economy, not raised it.

In December 2008, During the Credit Crisis, the Fed Raised