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Very low interest rates may return, Fed analysis finds, with major ramifications

Posted on AllSides May 19th, 2023
From The Right

The era of higher interest rates may not last long if a new analysis from the Federal Reserve Bank of New York is accurate.

The regional Fed bank published estimates on Friday finding that the short-term interest rate that would go along with stable inflation and employment is under 1%. That is far lower than the Fed's current target of 5% to 5.25%.

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