The Federal Reserve has been just the opposite, pushing down interest rates, buying corporate bonds, and lending money to keep liquidity in markets. Low interest rates have turbocharged wealth inequality. Near-zero (or even lower, in some regions) central bank interest rates have driven down returns in government and corporate bonds, money markets, and other fixed income mechanisms. Australia and New Zealand Banking Group CEO Shayne Elliott recently spoke out against the low to no interest rate practice. Is now the wrong time to push up interest rates?

Source: Forbes October 30, 2020 20:37 UTC