by Justin Spittler
Casey Research
Rock-bottom interest rates could be here to stay.
If you’ve been reading the Dispatch, you know the Federal Reserve has held rates near zero since 2008. It did this to encourage borrowing and spending. It thought this would grow the economy.
It hasn’t worked.
The U.S. economy is growing at the slowest pace in decades. In many ways, the economy is worse off than it was before the financial crisis. For example, the real median U.S. household income is about $2,500 lower today than it was in 2007.