The Federal Reserve Set Rates at Zero, Writes of Set Short Rates at Zero

In two thousand and eight, the federal reserve noticed that inflation was running hot a they noticed that, you know, they had te slow price inflation unsil what did they do? They started raising interest rates again. And so at this point in time, the economy is incredibly sensitive because of the amount of debt in the system and the rising cost of service that debt. In response to this, the fed broke out the exact same play book from two thousand a nine, and they completely eased access to capital. But this time they did it overnight, but they did it very quickly. So as get the economy started again, a the way that i analogize, we lowering interest rates should be