Thank you for sharing!

Your article was successfully shared with the contacts you provided.

On December 16, 2008, the Federal Reserve moved the U.S. economy to a zero interest rate policy (ZIRP) by reducing the target federal fund rate to a range of zero to 0.25%. Three weeks later, U.S. money market mutual funds achieved an all-time high level of assets – $3.92 trillion, according to the Investment Company Institute (ICI).


Join BenefitsPRO

Don’t miss crucial news and insights you need to navigate the shifting employee benefits industry. Join BenefitsPRO.com now!

  • Unlimited access to BenefitsPRO.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com
  • Exclusive discounts on BenefitsPRO.com and ALM events.

Already have an account? Sign In Now
Join BenefitsPRO

Copyright © 2019 ALM Media Properties, LLC. All Rights Reserved.