Fed President Fisher Explains Why Rates Are So Low

     Recently, Donald Trump accused the Federal Reserve of deliberately keeping rates low for purely political gain.  Several other Republican Congressmen and bloggers have made similar allegations.  But these pronouncements run counter to empirical data.  For example, earlier this year the San Francisco Federal Reserve released a study showing that the current level of interest rates are in fact at the same level as the “natural” rate of interest.  And last week, governor Stanley Fisher gave a speech that provided 4 reasons rates currently low level.      He first discussed the negative impact of low productivity growth on overall GDP…

Source: XE news feed
Fed President Fisher Explains Why Rates Are So Low