On the recordMay 14, 2025
Longer-term interest rates are a good deal higher now, driven largely by real rates given the stability of longer-term inflation expectations.
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cbsnews.comLonger-term interest rates are a good deal higher now, driven largely by real rates given the stability of longer-term inflation expectations.
Powell discusses the increase in longer-term interest rates.
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So we didn't overreact — in fact, we didn't react at all. We're simply taking some time.