Middle-east Arab News Opinion | Asharq Al-awsat

Justin Wolfers | ASHARQ AL-AWSAT English Archive 2005 -2017
Select Page
Media ID: 55371600
Caption:

U.S. Federal Reserve Chairman Janet Yellen holds a news conference in Washington December 16, 2015. REUTERS/Jonathan Ernst


The Economy May Be Stuck in a Near-Zero World

The Economy May Be Stuck in a Near-Zero World

by | Apr 14, 2017 | Business

When the Federal Reserve lowered interest rates to close to zero during the financial crisis, it was an extraordinary move. The central bank had hit the limits of conventional monetary policy, leaving the recovery to sputter along with less help than it needed. Now,...