Topic updates
How the US Federal Reserve sets interest rates
Graham Watson
28th November 2017
How the Federal Reserve sets rates. It's American-focused but shows how the base rate is only part of the story for the average bank customer, and thus equally applicable to the UK too.
Do you know how the US Federal Reserve sets interest rates? @jnmervin reveals just how it happens https://t.co/se6FPTODCN pic.twitter.com/RtfTftwuZ4
— BBC Business (@BBCBusiness) November 28, 2017
Here is a chart showing the Effective Federal Funds Rate since 1955.
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