2.5 Federal funds target rate
October 2008
Rate cut from 2% to 1.5%
2.0
July 2019
Rate lowered to 2%-2.25%
1.5
December 2015
Rates start to rise at the end of 2015
1.0
December 2008
Rate cut to 0.25% to encourge lending during the financial crisis
0.5
0
2010
2015
2020
2.5 Federal funds target rate
October 2008
Rate cut from 2% to 1.5%
2.0
1.5
December 2008
Rate cut to 0.25% to encourge lending during the financial crisis
December 2015
Rates start to rise at the end of 2015
July 2019
Rate lowered to 2%-2.25%
1.0
0.5
0
2010
2015
2020