Summary of Long-Term Interest Rates

Remarks by Ben S. Bernanke, Chairman Board of Governors of the Federal Reserve System

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Long-Term Interest Rates summary
Raising long-term interest rates too soon risks damaging the recovery and could lead to an even longer period of low rates.


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In this key speech, Ben Bernanke, chairman of the Federal Reserve, summarizes the reasoning behind current policy on long-term interest rates, clarifying why a roll back now poses risks to growth and financial stability. Readers seeking a definite due date on the end of Fed easing and the arrival of higher interest rates may be disappointed. Nevertheless, getAbstract recommends his speech to all financial services professionals and investors seeking an increased understanding of the Fed’s current and future rates policy.

In this summary, you will learn

  • What factors determine long-term interest rates,
  • Why long-term interest rates are so low in the US and other developed economies, and
  • Why raising rates too soon could damage the recovery and prolong the period of low returns.


Interest rates have remained low in the United States and several other major developed economies since the financial crisis, with central banks applying “accommodative monetary policies” to encourage economic growth. Three factors determine “longer-term yields”:
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About the Author

Ben S. Bernanke is an economist and the chairman of the US Federal Reserve.

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