Economic Report: Why the Fed Has Kept Interest Rates Low for So Long
Pensacola – In this week’s “Economic Report” on WUWF 88.1-FM, Dr. Rick Harper, associate vice president for research and economic opportunity at the University of West Florida, discusses why the Federal Reserve has been reluctant to raise interest rates in recent years.
“It has been so long. This January will mark eight consecutive years that the short-term interest rate that the Fed controls has been below two-tenths of one percent,” Harper said. “That’s a huge amount of time longer than other periods in recent U.S. history.”
To read or listen to the full report, click here.