Federal Reserve Bank of Richmond: "Will Interest Rates Remain Elevated Even as Monetary Policy Normalizes?"
October 29, 2024
October 29, 2024
RICHMOND, Virginia, Oct. 29 (TNSres) -- The Federal Reserve Bank of Richmond issued the following economic brief (No. 24-28) in August 2024 by Felipe F. Schwartzman entitled "Will Interest Rates Remain Elevated Even as Monetary Policy Normalizes?"
Here are excerpts:
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Long-term bond yields indicate an increase in long-run r* of between 1.2 and 1.4 percentage points relative to its pre-pandemic level. This increase in r* is compatible with unde . . .
Here are excerpts:
* * *
Long-term bond yields indicate an increase in long-run r* of between 1.2 and 1.4 percentage points relative to its pre-pandemic level. This increase in r* is compatible with unde . . .