Analyst: It is not surprising that Federal Reserve officials have differing views on neutral interest rates

2024-11-22 22:58:24

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ChainCatcher news, according to Jinshi reports, Chicago Federal Reserve President Austan Goolsbee and Federal Reserve Governor Michelle Bowman expressed sharply different views on the theoretical neutral interest rate level, which is the interest rate that balances the Federal Reserve's various economic goals.

Goolsbee emphasized that the Federal Reserve still needs to lower interest rates further to reach this level—he described this rate as "far below where we currently are."

In contrast, Bowman stated, "We may be closer to a neutral policy stance than we currently think." Will Compernolle of FHN Financial pointed out that given the range of neutral interest rates estimated anonymously by Federal Reserve officials in September's forecast was between 2.375% and 3.75%, such a divergence is not surprising.

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Federal Reserve neutral interest rate

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