Ronald Reagan: “The prime interest rate was 21.5 percent just before I came into…”

On the recordFebruary 17, 1988

The prime interest rate was 21.5 percent just before I came into office; it is now 8.5 percent.

Said by

Republican · California

Source

Message to the Congress Transmitting the Fiscal Year 1989 Budget

More from Ronald Reagan

May 13, 2003

America is the shining city on the hill. Welcome all who enter to follow their dreams.

Jan 10, 1989

Yes, always has been.

Jun 5, 2004

I am not going to exploit for political purposes my opponent's youth and inexperience.

Jan 17, 1989

This is a great day.

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Ronald Reagan: “The prime interest rate was 21.5 percent just before I came into office; it is now 8.5 percent.”