Chart 3. The title is "Disinflation and “Zero Bound” Concerns Intensify Interest Rate Volatility"

A line chart. In January 1990, the year-over-year change in the core consumer price index was 4.4%; the federal funds target rate was 8.2%.In June 1994, the year-over-year change in the core consumer price index was 2.7%; the federal funds target rate was 4.2%.In November 1998, the year-over-year change in the core consumer price index was 2.3%; the federal funds target rate was 4.7%.In April 2003, the year-over-year change in the core consumer price index was 1%; the federal funds target rate was 1.2%.