Nick Timiraos: Asked whether current rates are at the economist-defined neutral rate — an unobservable level that neither stimulates nor restrains growth — Fed chair Kevin Warsh rejected that interpretation, saying the academic concept “does not apply to the decisions we make today.”

2026-09-17

Nick Timiraos: Asked whether current rates are at the economist-defined neutral rate — an unobservable level that neither stimulates nor restrains growth — Fed chair Kevin Warsh rejected that interpretation, saying the academic concept “does not apply to the decisions we make today.”