The federal funds rate now stands at 2 percent, a 40-year low.

That would reduce the benchmark federal funds rate to 4.75 percent.

The federal funds rate, which was about 11% in 1979, rose to 20% by June 1981.

I think the Fed will raise the federal funds rate.

On Wednesday he said that "the federal funds rate must rise at some point."

"He's not going to say the federal funds rate has to go up by 75 basis points because the deficit is too high."

That would be higher than today's federal funds rate, perhaps about 4 percent.

The target for the federal funds rate is currently 3.75 percent.

Bond yields are above the federal funds rate of 8.25%.

It went on to raise rates six more times in the next year, doubling the federal funds rate to 6 percent.