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Mar 29, 2024

“Hard to say” where interest rates will settle, Fed chair says

Jay Powell says he doesn’t expect rates to return to “very, very low” pre-pandemic levels. Plus, why central bank independence is important.

“Hard to say” where interest rates will settle, Fed chair says — Courtesy Federal Reserve

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Segments From This Episode

Fed Chair Powell: Interest rates likely won’t return to “historically low levels” before the pandemic
by Kai Ryssdal, Sean McHenry and Andie Corban
Courtesy Federal Reserve
Powell discusses how monetary policymakers arrive at consensus, the value of transparency and the issues that influence interest rate decisions.

Music from the episode

The Team

Nancy Farghalli Executive Producer
Maria Hollenhorst Producer II
Andie Corban Producer I
Sarah Leeson Producer I
Sean McHenry Director & Associate Producer II
Sofia Terenzio Assistant Producer
Jordan Mangi Assistant Digital Producer

“Hard to say” where interest rates will settle, Fed chair says