The business community has an obvious interest in how well our schools prepare students for a future in the workforce and should actively participate in the debate. But we all have a stake. Students at the elementary and secondary levels are being prepared not just for work but for life.
Since the introduction of the primary credit facility, the rate has exceeded the primary credit rate only in a few unusual circumstances, such as the power outage in the eastern United States in August 2003. The Federal Reserve's multiple means of injecting reserves into the banking system - a belt-and-suspenders approach - was shown in its best light following the September 11 terrorist attacks.