The Market Ticker - The Lie of 'Declining Neutral Rates'
The latest line of garbage out of the central bank wonks is that the “neutral” rate of interest is “declining.”
“The global decline in the neutral rate of interest over the past quarter century poses significant challenges to maintaining well-anchored inflation expectations in a standard inflation-targeting regime,” Mr. Williams said in the text of a speech to be delivered at a conference at his bank. In this environment, the problem central banks will need to solve “is the risk of inflation that is persistently too low, rather than too high.”
Mr. Williams should be indicted for this drivel…….
(Click link to read more)
Source: https://www.market-ticker.org/akcs-www?post=234667
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