Using the website for the St Louis Federal Reserve
Look at the Federal reserve rate monthly data from 2001 to 2005
What has happened to the interest rate from 2001 to 2005?
Why has this occurred?
Look at the consumer prices (personal consumption expenditures - less food and energy
And gross domestic product ("1 decimal") figures from 2001-2005 as well and plot the data for all three variables on one graph
Note : you may have to reconstruct the price data back to monthly on the graph data for all 3 variables
Do you see any relationship between the federal funds rates, prices and GDP?