Over the last 40 years, the federal funds rate—the rate at which the Federal Reserve lends money—moved with the federal deficit.
Deficit Follows Federal Funds Rate Since 1980
Deficit Follows Federal Funds Rate Since 1980
Deficit Follows Federal Funds Rate Since 1980
Over the last 40 years, the federal funds rate—the rate at which the Federal Reserve lends money—moved with the federal deficit.