Title:

Will Interest Rates Remain Elevated Even as Monetary Policy Normalizes?, No. 24-28

PREVIOUS | NEXT

Will Interest Rates Remain Elevated Even as Monetary Policy Normalizes?, No. 24-28

DATE: August 2024

PART OF: AUTHOR:

ABSTRACT: 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 underlying economic shifts following the pandemic, including a reduction in personal savings by U.S. households. Evidence suggests that, even as inflation returns to trend and monetary policy normalizes, policy rates may remain above their prepandemic level.

Download (pdf) View Full Text

Share this page:


Collections within FRASER contain historical language, content, and descriptions that reflect the time period within which they were created and the views of their creators. Certain collections contain objectionable content—for example, discriminatory or biased language used to refer to racial, ethnic, and cultural groups.
Save & Share
less

Schwartzman, Felipe Farah, 1981-. "Will Interest Rates Remain Elevated Even as Monetary Policy Normalizes?, No. 24-28," Economic Brief (August 2024). https://fraser.stlouisfed.org/title/6034/item/674268, accessed on May 17, 2025.

More Information
less

THEMES:

Metadata (XML)
Metadata (JSON)