Fed Raises Interest Rates as Gas Prices Surge
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EVERY NETWORK'S FRAMING
ABC
“FED RAISES INTEREST RATES FOR FIRST TIME IN THREE YEARS”
covered 5h ago ▶ Be on the air with ABCLiveNOW from Fox
“FEDERAL RESERVE RAISES INTEREST RATES FOR FIRST TIME SINCE 202”
covered 5h ago ▶ Be on the air with LiveNOW from FoxWatch the moment
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A single supertanker can carry over 2 million barrels of crude oil in one voyage
This storyWhen did the Fed last raise rates as aggressively as it is now?
- 1994
- 2000
- 2006
- 2018
Guess, then reveal the answer
1994
The Federal Reserve's interest rate target is set as a range, not a single number
The Fed once set interest rates as high as 20% in 1981!
Fed Chair Paul Volcker hiked rates to a record 20% to crush inflation that had hit 14.8%. Recent rates near 5.5% pale next to that era's painful 'shock therapy' — which ultimately worked.
How quickly do credit card rates rise after the Fed raises rates?
The Federal Reserve System is divided into 12 regional Reserve Banks across the U.S.
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- Federal Reserve & Rate Policy primary
