Steven Kamin on the Global Influence of Fed Policy and the U.S. Dollar
Macro Musings with David Beckworth
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The Future of Interest Rates
Are we going to return to, as you would say, a low R-Star world? Or have we had a permanent shock that has elevated R-Star to a new level? Right. So that all makes sense. And I think it's important to wrestle with that because when we think about the future of interest rates, at least for me, I want to know what's driving them. But whether or not that takes place, I view those as long-term secular factors.And I see no reason why in between 2019 and 2025 that those sea changes in the determinants of R-Star should have changed much.
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