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Go to the St. Louis Federal Reserve Web site, at www.stlouisfed.org, and select "Research & Data" on the far right and then "Economic Data-FRED®." Go to Interest Rates and select "FRB Rates-Discount, Fed Funds, Primary Credit." From this screen, select the "DFF" effective federal funds rate (monthly data) from 1954 to 2010. What was the peak of the federal funds rate? What has been the lowest rate for the federal funds rate?

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