Go to https://fred.stlouisfed.org/ and click on the Category link below the search box. Find the heading Money, Banking, & Finance and click on Interest Rates,
Go to https://fred.stlouisfed.org/ and click on the "Category" link below the search box. Find the heading "Money, Banking, & Finance" and click on "Interest Rates", then "FRB Rates", and then *Federal Funds Effective Rate". Answer the following: a. Focus on the range between 1980 and 2022. (You can change the range in the boxes next to the "Edit Graph" button). What happens to the federal funds rate during each recession (shown by shaded grey areas)? b. What happens to the federal funds rate after each recession? Is the change immediate or does it take time? c. What is unique about the behavior of the federal funds rate after the 2008-09 recession? d. What has been the behavior of the federal funds rate over the past year? What is going on in the economy that would explain this behavior of the federal funds rate
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