Sunday, December 11, 2016

Central Bankers' Zeal for the 'Natural Rate' Draws Skeptics

In steering their economies, central bankers are guided by the so-called natural rate, a mysterious, hidden interest rate determined by powerful economic impulses—and one that critics say could be a figment of their imagination.

from WSJ.com: US Business http://ift.tt/2hs91TA
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