Where Is Neutral Interest Rate?

As a special bonus, we’re bringing you an episode of WSJ’s Take On the Week. Co-host Telis Demos and guest host WSJ Chief Economics Correspondent Nick Timiraos are joined by Beth Hammack, president of the Federal Reserve Bank of Cleveland, to discuss the state of the U.S economy, interest rates and the central bank itself.

Hammack shares her views on what she’s hearing from businesses in her district and what that could mean for consumer prices and the labor market. She emphasizes the importance of Fed independence and the chairman’s role in fusing differing viewpoints to create stable monetary policy. She also offers her perspective on the so-called neutral rate as well as artificial intelligence.

If you like what you hear, subscribe to WSJ’s Take On the Week for weekly market previews and analysis.

Visit our WSJ Podcasts YouTube channel or the video page of WSJ.com.

Check Out Past Episodes:

Inside Visa’s Tech-Charged Future: From Crypto to AI

Why This Investor Says the AI Boom Isn’t the Next Dot-Com Crash

This CEO Says Global Trade Is Broken. What Comes Next?

Further Reading:

Cleveland Fed’s Beth Hammack Skeptical of Further Cuts

Let us know what you think of the show. Email us at BoldNames@wsj.com.

Sign up for the WSJ's free Technology newsletter.

Read Christopher Mims’s Keywords column.Read Tim Higgins’s column. 

Learn more about your ad choices. Visit megaphone.fm/adchoices