Feb
21
Fed’s Williams Says Historically Low Interest Rates Will Persist
ByHistorically low interest rates are here to stay, making it much harder for central banks in wealthy countries to prevent and limit recessions in the future, according San Francisco Federal Reserve Bank President John Williams.
Writing in the bank’s latest economic letter, Williams argued that a decline in the long-run economic growth rate of the U.S. and other rich nations has depressed business investment, and with it, interest rates.
A low-rate world is “likely to be very persistent,” as an aging population and lagging productivity hold down growth, he said…
Fed’s Williams Says Historically Low Interest Rates Will Persist
