Goolsby: Current interest rate level is hundreds of basis points above neutral rate
2024-09-23 15:16:26
Midland chu guls than said 50 basis points magnitude start rate cutdesk3cryptocurrencydesktopCrypto News
Goolsbee said that it is reasonable to start cutting rates by 50 basis points; we are returning to the normal dual mandate model; our current level of interest rates is hundreds of basis points above neutral; if this continues, there will be a lot of rate cuts in the next 12 months; we still have a long way to go to get rates down to near neutral.
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