Federal Reserve Interest Rates Should Be Near Zero Forever

am a strong proponent of making  the Fed’s current near 0 percent interest rate policy permanent. A low-rate  policy encourages long-term investments for businesses to expand and become  more efficient, and for households to invest in new homes, improvements and  appliances that can also add to efficiency, all of which increases long-term  productivity and our real wealth. Low rates also keep the cost of  holding business inventory down, and lower interest costs mean businesses sell  at lower prices and also keep the shelves stocked, helping to prevent sudden  shortages from disrupting output and employment. Read more.


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