The United States experienced a zero bound interest rate
A) in the 1970s.
B) in the 1980s.
C) in the 1990s.
D) starting at the end of 2008.

Question

Quizplus · Accepted Answer

The United States experienced a zero bound interest rate starting at the end of 2008, as a response to the global financial crisis. The Federal Reserve lowered the federal funds rate to a range of 0 to 0.25% in December 2008 and kept it at that level until December 2015.

The United States Experienced a Zero Bound Interest Rate