Lawler: More Ruminations on the “Neutral” Rate of Interest

"the current stance of monetary policy is not meaningfully restrictive"

From CR: Housing economist Tom Lawler has written extensively on the “Neutral” rate, for example, see Update on the “Neutral” Interest Rate, Lawler: Update on the “Neutral” Rate and Lawler: Mortgage Rates Have Surged Since the Federal Reserve Cut Interest Rates Last Month.

In his testimony to Congress yesterday, Fed Chair Powell said: “This is my own vie…