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Why So Slow? A Gradual Return for Interest Rates.
- Source :
-
FRBSF Economic Letter . 10/13/2015, Vol. 2015 Issue 32, p1-5. 5p. - Publication Year :
- 2015
-
Abstract
- Short-term interest rates in the United States have been very low since the financial crisis. Projections of the natural rate of interest indicate that a gradual return of short-term interest rates to normal over the next five years is consistent with promoting maximum employment and stable inflation. Uncertainty about the natural rate that is most consistent with an economy at its full potential suggests that the pace of normalization may be even more gradual than implied by these projections. [ABSTRACT FROM AUTHOR]
- Subjects :
- *INTEREST rates
*EMPLOYMENT
*PRICE inflation
*ECONOMIC development
*RATE of return
Subjects
Details
- Language :
- English
- ISSN :
- 0890927X
- Volume :
- 2015
- Issue :
- 32
- Database :
- Academic Search Index
- Journal :
- FRBSF Economic Letter
- Publication Type :
- Periodical
- Accession number :
- 110304932