Thread: Effect of 5% Interest increase per Bernanke

Does this interest rate of 5% just announced by Bernanke mean that there will be yet another increase to the G Fund (above 5%)? If so, is there a calendar for these kinds of events?

I googled and only found official info and the official notice about the Fed interest rate increase at:
http://www.federalreserve.gov/boardd.../2006/20060510

It mentions in various places that it will "take effect 30 days after publication" for other rules they voted on. I can't seem to find anything definitive on this. I would like more specifics so if anyone has some direction they might want to post, I'd appreciate it. Just a guess is okay at this point, better than what I've got.