Fed's neutral rate could be between 3.5-4%: Jeremy Siegel

[@lakeguy65616]

What evidence is there that we are not at or very near the neutral rate right now? GDP is a solid but not excessive 2.8%, inflation is less than 3% and unemployment is near historic lows (& in the frictional unemployment zone). The Fed should not have reduced the Fed Funds rate yesterday but should have waited to see how the economy would unfold... if anything, the neutral rate might be higher instead of lower.

[@douglash.8862]

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