Federal Reserve Vice Chairman Clarifies ‘Neutral’ Rate
This article was originally published on ETFTrends.com.
Last week, investors were hanging on every word of Federal Reserve Chairman Jerome Powell’s speech at the Economic Club of New York with the markets responding positively when Powell said that rates are “just below neutral,” but what exactly did he mean? Federal Reserve Vice Chairman for Supervision Randal Quarles provided some clarification on the Fed [...]