09 Feb 2022
Fed One Meeting Away from Creating a Doomsday Market Sinkhole
Photo CC-BY-2.0 courtesy of the Oregon Department of Transportation

The effective Federal Reserve funds rate (the EFFR) has been sitting at virtually zero for a long time now. It feels a little strange to think about the fact that it was 14 years ago when the central bank first helped to trigger the crash of 2008; and we are still dealing with the consequences of it today. Here’s how…