The Fed's Mistake? For years after the Great Recession, the Federal Reserve kept short term interest rates near zero percent. It began raising rates in 2015 — but did it jump the gun.
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The Fed's Mistake?

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The Fed's Mistake?

The Fed's Mistake?

The Fed's Mistake?

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  • <iframe src="https://www.npr.org/player/embed/674295306/674302781" width="100%" height="290" frameborder="0" scrolling="no" title="NPR embedded audio player">
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For years after the Great Recession, the Federal Reserve kept short term interest rates near zero percent. It began raising rates in 2015 — but did it jump the gun.

Don Emmert/AFP/Getty Images
In a speech to the Economic Club of New York on Wednesday, Federal Reserve Chairman Jerome Powell said interest rates are just below the range of estimates that would be "neutral" for the economy.
Don Emmert/AFP/Getty Images