Low interest rates have intended, unintended consequences

Tom Henderson - The federal funds interest rate at which banks borrow, known as the overnight rate, is set by the Federal Reserve. It has averaged 5.93 percent since 1971, with the all-time high of 20 percent set in March 1980. In December 2008, during the Great Recession, it hit the all-time low of 0.25 percent and has remained there.Regulators say low rates were crucial to staving off a depression. Free-market advocates say the Fed did too much for far too long with unintended consequences. One of those