Expectations About the Federal Funds Rate in the Long Run
Posted: 22 Oct 2019
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: 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
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