Expectations About the Federal Funds Rate in the Long Run

Posted: 22 Oct 2019

See all articles by Kasper Jørgensen

Kasper Jørgensen

Board of Governors of the Federal Reserve System

Andrew Meldrum

Board of Governors of the Federal Reserve System

Date Written: 2019-10-09

Abstract

To what extent does the persistent relatively low level of the federal funds rate reflect a decline in its long-run equilibrium? In this Note, we examine how views have evolved on that question among professional forecasters, Federal Open Market Committee (FOMC) participants, and investors in bond markets.

Suggested Citation

Jørgensen, Kasper and Meldrum, Andrew, Expectations About the Federal Funds Rate in the Long Run (2019-10-09). FEDS Notes No. 2019-10-09, Available at SSRN: https://ssrn.com/abstract=3473091 or http://dx.doi.org/10.17016/2380-7172.2431

Kasper Jørgensen (Contact Author)

Board of Governors of the Federal Reserve System ( email )

20th Street and Constitution Avenue NW
Washington, DC 20551
United States

Andrew Meldrum

Board of Governors of the Federal Reserve System ( email )

20th Street and Constitution Avenue NW
Washington, DC 20551
United States

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