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.

Keywords: monetary policy; COVID-19; international economics; banking; finance; forecasting; inflation;

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Bibliographic Information

Provider: Federal Reserve Bank of Dallas

Source: Dallas Fed Economics

Publication Date: 2023-07-03