Dear- I can find the federal rate at Wiki as below. However it shows only after1950. https://en.wikipedia.org/wiki/Federal_funds_rate#Historical_rates Where would I find the rate from 1913 (birth of FRB) to 1950? Thanks in advance. -Jay
You do know that the FED does NOT set the fed funds rate right? They "target" the fed funds rate via the discount rate. It's the "discount rate" that the FED actually sets.
What do you mean by link? The Fed has always set the discount rate from 1913 to the present. You were asking about fed funds rate.
Sorry, I may not know the difference of the two. I heard that there was 7 years of <1%, which is similarly <1% in the recent 7 years (08~15). I like to confirm the 1930's. Hope to see the similar chart before 1950.
This link might be of interest: http://www.federalreservehistory.org/Period/Essay/10 The Fed actually raised interest rates both right before and right after the depression.
Te data may not be there because the Fed itself only publishes H.15 historical data on fed funds starting in 1954. Since federal funds are compiled by them, the only way to trust any numbers would be to call the fed and ask them yourself. http://www.federalreserve.gov/releases/h15/data.htm
Also, i know you are just a trader and maybe don't understand the ramifications of the real world. Back then we were on a gold standard and The Fed did not control the money supply as they do today. "The modern era" that people speak of is when the US completely went off the gold standard. that's when the money and debt started to go out of control. kids in the candy store and all. So i'm not sure what any rates before August 15, 1971 have much value..... There is a longer answer regarding a continual debasement over the centuries, and FDR taking us off the Gold Standard On June 5, 1933, but it was still linked to the USD until the 70's. https://www.fas.org/sgp/crs/misc/R41887.pdf This is why the bitcoin movement was so compelling to monetary conservatives.