February 21, 2017

STARTING FROM A FALSE PREMISE:

Fed's Williams Says Historically Low Interest Rates Will Persist (Rich Miller, February 21, 2017, Bloomberg)

Historically low interest rates are here to stay, making it much harder for central banks in wealthy countries to prevent and limit recessions in the future, according San Francisco Federal Reserve Bank President John Williams.

Rates are at best in line with historical norms, but more likely historically high given deflationary pressures.

Posted by at February 21, 2017 1:38 PM

  

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