Expectations about the Federal Funds Rate in the Long Run

Kasper Joergensen and Andrew Meldrum

No 2019-10-09, FEDS Notes from Board of Governors of the Federal Reserve System (U.S.)

Abstract: To what extent does the persistent relatively low level of the federal funds rate reflect a decline in its long-run equilibrium? In this Note, we examine how views have evolved on that question among professional forecasters, Federal Open Market Committee (FOMC) participants, and investors in bond markets.

Date: 2019-10-09
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Persistent link: https://EconPapers.repec.org/RePEc:fip:fedgfn:2019-10-09

DOI: 10.17016/2380-7172.2431

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