BuilderRocket
@builderrocket
In his latest speech, Fed Governor Waller, expressed support for the idea that the neutral rate of interest (r*) and a neutral Federal Funds Rate (FFR) are most accurately represented by the Real Yield of the US 10-year, currently standing at 2%.
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BuilderRocket
@builderrocket
This rate is not at the zero bound but is significantly lower than the FFR of 5.30%. Therefore, if the "higher for longer" mantra is indeed suggesting that the zero bound is no longer under consideration, it seems appropriate.
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kketh
@kketh
greate!! 5$degen
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roger
@roger110
3 $degen
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