Fed again poised to cut longer-run interest rate forecast

September 20, 2016 5:12 AM

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Fed again poised to cut longer-run interest rate forecast

It would be the fourth time in 15 months that the US central bank has been forced to admit its estimate of this so-called neutral rate was too optimistic, raising questions about the health of the economy in the coming years.

The Fed, however, still insists low interest rates and its large balance sheet of bonds are sufficient to continue bolstering economic growth.

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