"As a result, real short-term interest rates were over 7% on average during the first four years of the Great Depression, compared to a 100-year average of around 2%, and by far the highest ever in the U.S. Today to combat potential deflation, the Fed would not hesitate to force short-term interest rates down to zero."
Framing: assertive ·
First seen: 2026-09-07 ·
Last seen: 2026-09-07 ·
Spread: 1 articles