Need some simple help with this Economic Problem. 2 min of your time= 10 pts?

Question

I need to use this website to answer the following: http://www.federalreserve.gov/releases/h15/data.htm

1. Federal Funds Rate

2. Discount Rate

Are these rates higher or lower than they were three years ago?

Have they increased, decreased, or remained constant over the

past year?

I tried searching but was unsuccessful. Any help will be appreciated

Answer 1

These two rates have decreased in the past year.  I'm confident they are lower then they were three years ago, but not positive.  This is what the FED has been targeting as it has been easing.

Answer 2

1. Federal Funds rates......

June 30, 2005.......3.25%

April 30, 2008.......2.00

http://www.federalreserve.gov/fomc/funds...

2. Discount rate

March 2008   2 1/2%

April  2005    3 3/4%

http://www.federalreserve.gov/monetarypo...