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The Zero Lower Bound Remains a Medium-Term Risk
libertystreeteconomics.newyorkfed.org/2025/07/the-zero-lower-bound-remains-a-medium-term-risk
Interest rates have fluctuated significantly over time. After a period of high inflation in the late 1970s and early 1980s, interest rates entered a decline that lasted for nearly four decades. The federal funds rate—the primary tool for monetary policy in the United States—followed this…
This story appeared on libertystreeteconomics.newyorkfed.org, 2025-07-07 18:58:00.207000.