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

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

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

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CalculatedRisk by Bill McBride
Feb 12, 2025
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CalculatedRisk Newsletter
CalculatedRisk Newsletter
Lawler: More Ruminations on the “Neutral” Rate of Interest
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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…

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