Interest rates on traditionally "safer" investments like Treasury bonds are high.
Economist Thomas Hogan of the American Institute for Economic Research recently pointed out this upside to the interest rates and how it is helping Americans.
"Now, interest rates on US Treasury bonds are at the highest in more than a decade, giving savers a safe, stable place to store their money."
If long-term interest rates remain elevated because of higher term premiums, there may be less need to raise the fed funds rate.
However, to the extent that strength in the economy is behind the increase in long-term interest rates, the FOMC may need to do more."
Persons:
—, Thomas Hogan, Hogan, Jerome Powell, Kevin Dietsch, Tim Hayes, Lorie Logan, Logan
Organizations:
Service, Treasury, American Institute for Economic Research, Federal, NDR, U.S, Supreme, Dallas
Locations:
Israel