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How Fed rates helped fuel the investment bust that sparked the Great Recession
Source: JournalistsResource.org- Read more about How Fed rates helped fuel the investment bust that sparked the Great Recession
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As the Federal Reserve bumped interest rates more than 4 percentage points in the lead-up to the Great Recession, investors steered toward increasingly risky bets on the U.S. housing market, according to a recent working paper from the National Bureau of Economic Research.