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Why did the federal reserve raise interest rates in 1928 and 1929?
Updated: 11/5/2022
Wiki User
∙ 13y agoBest Answer
From 1923 to about 1928, the feds had kept the rates artificially low, but this increased the chance of runaway inflation, so it had no choice but to raise it again.
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∙ 13y agoThis answer is:
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Who has the authority to lower or raise interest rates to discourage or encourage the borrowing and spending of money?
Federal Reserve
Which group on the Federal Reserve organization chart decides whether to raise or lower interest rates?
board of government
When the federal reserve board lowers interest rates it most likely attempting to?
lower interest rates.
What can the Federal Reserve Bank of New York do to control short term interest rates?
To control short term interest rates, the Federal Reserve Bank of New York should establish a floor on money market rates while improving monetary policy.
How did the Federal Reserve's higher interest rates in the 1930s complicate the great depression?
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Related questions
Who has the authority to lower or raise interest rates to discourage or encourage the borrowing and spending money?
Federal Reserve
Who has the authority to lower or raise interest rates to discourage or encourage the borrowing and spending of money?
Federal Reserve
How might monetary policy be used to combat inflations fears?
The Federal Reserve might raise interest rates.
Which group on the Federal Reserve organization chart decides whether to raise or lower interest rates?
board of government
When the federal reserve board lowers interest rates it most likely attempting to?
lower interest rates.
Who sets the interest rates in the US.?
The Federal Reserve (The Fed)
Who sets national interest rates in the US?
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What will the federal government (federal reserve bank) do in an attempt to encourage saving and investing?
raise dividend rates
What will the federal government (Federal Reserve Bank) do I an attempt to encourage saving and investing?
raise dividend rates
What will the federal government (Federal Reserve Bank) do in an attempt to encourage saving and investing?
raise dividend rates
Why does the Federal Reserve cut interest rates?
banking economics us government
What will the federal government federal reserve bank do in an attempt to encourage saving anf investing?
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