Discussion Paper
Expectations about the Federal Funds Rate in the Long Run
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.
https://doi.org/10.17016/2380-7172.2431
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Bibliographic Information
Provider: Board of Governors of the Federal Reserve System (U.S.)
Part of Series: FEDS Notes
Publication Date: 2019-10-09
Number: 2019-10-09