The fund was met with skepticism and derided as "Bogle's folly," after John Bogle, Vanguard's founder. Now known as the Vanguard 500 Index Fund, it remains one of history's largest and most ...

The last time the Fed funds rate was that high was for a couple months in early 2001, shortly after the Supreme Court decided the Bush v. Gore presidential election. Yet when Powell & Co. slashed ...