Recent history of the Fed’s policy committee and its Fed Funds rate …
• January 30, 2008 CUT half point to 3.00% • January 22, 2008 EMERGENCY CUT three-quarter points to 3.50% • December 11, 2007 CUT quarter point to 4.25% • Oct. 31, 2007 CUT quarter point to 4.5% • Sept. 18, 2007 CUT half point to 4.75% • June 29, 2006 UP quarter point to 5.25% • May 10, 2006 UP quarter point to 5% • March 28, 2006 UP quarter point to 4.75% • January 31, 2006 UP quarter point to 4.5%
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