Jan 2, 2012
Short Term Interest Rate In the United States (1831-2011)
Here I show the short term interest rate for the United States from 1831-2011. The short time interest rate was determined by supply and demand before 1913 and set by the Federal Reserve since 1913. Especially notice the almost continue decline in the interest rate from 1980 in which the financial markets exploded and housing bubbles were created - (lending) money became more and more cheap for consumers, businesses, governments and banks.