Fed Daly: 3% Could Be a Good Neutral Interest Rate Speculation
2024-10-15 19:21:32
Federal Reserve Daley think monetary policy return neutral beforedesk3cryptocurrencydesktopCrypto News
Fed Daly believes there are still a few rate cuts before monetary policy returns to neutral. "The truth is we are a long way from where we could be," Daly said of the federal funds rate. She added that it was possible that the nominal neutral rate would have risen before the epidemic, but the exact level was difficult to predict accurately. She said 3 per cent might be a good guess.
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