Economics
Targeting Black Unemployment Would Keep Fed Rate Near Zero to 2025
- Bloomberg Economics sees rates lower for longer in new plan
- Message to Fed: Wait to pull support during U.S. expansions
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Targeting reductions in the U.S.’s Black unemployment rate would lead the Federal Open Market Committee to keep interest rates near zero for at least five years, a new Bloomberg Economics analysis found.
“As racial disparities figure more explicitly in the FOMC’s deliberations, that timeline could be even longer,” economist Andrew Husby wrote.