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Fed’s Daly: Could See Nominal Neutral Interest Rate at 3%
Posted
October 11, 2023
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October 11, 2023
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2:37Now Playing“5% is not going to be the new neutral. There’s no evidence that that will be the new neutral.” Federal Reserve Bank of San Francisco President Mary Daly said the neutral interest rate could be higher now than before the pandemic, though rates will not stay as high. She spoke at a town hall event in Chicago, coordinated by the Chicago Council on Global Affairs.
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