Dr. Powell is discussing the neutral interest rate. The big debates are why the economy is still growing and whether there will be a rate cut? You can read about the 'Neutral Rate'. The first question will take scientific research while the second we only need to wait a short time until a decision is made. The economic data is mixed so keep that in mind as to why these can be complex.
From my perspective, I wonder if the economy will continue to stay on a homeostasis level thereby indicating we bumped up onto a digital platform. Such changes would make older economic theories less tight in their explanations because some of the root assumptions may have changed. This is just dry theory so zzzz for most people.
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