Gazing at r-star: Gauging U.S. monetary policy via the natural rate of interest
Abstract: While estimating r-star is fraught with difficulty, the latest evidence suggests U.S. monetary policy likely turned restrictive at the start of 2023, after the Federal Reserve started raising rates in March 2022.
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Provider: Federal Reserve Bank of Dallas
Source: Dallas Fed Economics
Publication Date: 2023-07-03