How Investors Can Fight Their Fear of Fed

Remember June 2006? Uber didn’t exist; neither did the iPhone. Lehman Brothers was humming along, and rising housing prices were beginning to take what America thought would be a “breather.” That month the Federal Reserve, chaired by a newbie named Ben Bernanke, bumped up the Federal funds rate 25 basis points, to 5.25%. It would be the last rate hike for more than nine years.