CoinVoice has learned that in this week's speeches, Chicago Fed President Austan Gusbi and Federal Reserve Governor Michelle Bowman expressed completely different views on the theoretical neutral interest rate level. The neutral interest rate is the rate that can balance the Federal Reserve's various economic goals.
Gusbi emphasized that the Federal Reserve still needs to lower interest rates further to reach this level—he called this rate 'far below where we currently are.' Bowman stated, 'We may be closer to a neutral policy stance than we currently think.' Will Compernol of FHN Financial pointed out that, given the neutral rate range estimated anonymously by Federal Reserve officials in the September forecast was between 2.375% and 3.75%, such a divergence is not surprising. [Original link]