Bernanke Blog: Lower for Longer

Interesting recent blog post by retired Fed Chairman Ben Bernanke who is now over at the Brookings Institute. As the "maestro" of QE, he has a unique perspective on how the Fed views the overall economy and its likely actions with respect to overall tightening or easing. The takeaway from his post is what we have been seeing (and stating) for quite a while, and that is that rates will be lower for longer than previously anticipated. While the Fed may be "boxed in" to one more short term rate hike of 25 basis points in the next few months (just to save face), this will most likely have no impact on the longer term rates that influence what we do in the commercial real estate market. In fac

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