Paradoxical predictions: The Fed building in Washington. The Fed has confirmed its two paradoxical predictions: that the economy is recovering faster than expected; but the interest rates will nevertheless have to stay near zero for some time yet. — Reuters
LIQUIDITY is plentiful – money is cheap. The Federal Reserve signalled that benchmark, short-term interest rates “would likely be held near zero until 2023.” I am reminded of the period following the last recession, when super-low rates lasted for seven years.
We live in a bizarre monetary world. The Fed has since confirmed its two paradoxical predictions: that the economy is recovering faster than expected; but the interest rates will nevertheless have to stay near zero for some time yet.
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