Why does NPR refer to the interest rate as "near zero"?
September 2, 2011 12:54 PM Subscribe
Why does NPR always refer to the US Federal interest rate as "near zero" rather than a specific amount? Googling shows it's between 0 and 25 basis points. What is the exact amount, and why is it not referred to exactly?
posted by odinsdream to Work & Money (20 answers total) 2 users marked this as a favorite
I'd also be interested to hear if other media sources report the rate in a similar fashion. I've avoided asking this question for several months already in case it was just a fluke in a few reports, but I listen to NPR almost every day, and recall not a single instance of the rate being reported exactly. It is always reported as "at or near zero" or "near zero".