The Federal Reserve Board, under Jerome Powell, is keeping interest rates at relatively low levels (now near zero). What are the benefits and consequences of taking such action? Include in your answer issues such as interest rate stimulus, inflation, money supply.

Finally, what potential levers remain to pull as part of COVID-19 relief efforts when it comes to monetary policy?

Answer rating: 100% (QA)

Keeping interest rates low as the Federal Reserve has done under Jerome Powells leadership has several benefits and consequences Benefits 1 Stimulatin... View the full answer