key rate

When the economy attacks: Fed fights back with toy gun

Today the Federal Reserve lowered their key rate to 0%. Huh? How does our economy work when money is lent for no interest? Well, they technically lowered the key rate to a range of 0% to 0.25%. This is the first time the Fed's key rate has been this low ever. Without getting into a long, complex … [Read more...] about When the economy attacks: Fed fights back with toy gun