R-Star and Interest Rates: Are Low Rates Here to Stay?

Are low interest rates here to stay? A top Fed official suggests the economy could return to pre-pandemic levels, with persistently low underlying rates. John Williams of the New York Fed points to global trends like population changes and slow productivity growth as key factors keeping rates down, cautioning against raising long-term interest rate targets despite recent volatility. Hosted on Acast. See acast.com/privacy for more information.