The Great Normalization By Jerome Powell

Chip Somodevilla American interest rates are not high. According to MacroTrends, the post World War II average 10-year U.S. Treasury rate has been 4.25%. Today, the 10-year U.S. Treasury rate is 4.02%. A shade below average. In response to a question about a potential rate cut in March at the recent Federal Reserve meeting, Chairman Powell stated that “I don't think it's likely that the committee will reach a level of confidence by the time of the March meeting to identify March as the time to do that.” Welcome to “The Great Normalization” by Jerome Powell. Today, I will discuss…