The FOMC's Interest Rate Policy: How Long Is the Long Run?

The only outcome consistent with the Fisher equation holding and the FOMC's zero interest rate policy is that the "long run" is considerably longer than 4.5 years.
Central Banker logo

Subscribe

Keep up with what’s new and noteworthy at the St. Louis Fed. Sign up now to have this free monthly e-newsletter emailed to you.

Subscription Options


Additional Fed Publications

Fed in Print: An index of the economic research conducted by the Fed.