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(MNI) WASHINGTON
USPolicy NewsCentral Bank NewsHomepageFederal ReserveBriefStoryRegionNorth America

New York Fed President John Williams said Thursday the post-pandemic economy will be close to the pre-pandemic economy and it appears that the long-run neutral interest rate hasn't changed much.

"My view of r-star hasn't fundamentally changed from what it was before," he said in an interview with Bloomberg, while also discussing the underlying factors driving long-run neutral interest rates. "So far, a lot of these kinds of factors that fundamentally drive our economy over the longer-run, they look to be getting back to similar to where they were before the pandemic."

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New York Fed President John Williams said Thursday the post-pandemic economy will be close to the pre-pandemic economy and it appears that the long-run neutral interest rate hasn't changed much.

"My view of r-star hasn't fundamentally changed from what it was before," he said in an interview with Bloomberg, while also discussing the underlying factors driving long-run neutral interest rates. "So far, a lot of these kinds of factors that fundamentally drive our economy over the longer-run, they look to be getting back to similar to where they were before the pandemic."