Alan Blinder Bets Against US Fed Raising Rates to 6%
Blinder believes that the Fed will face several factors that will keep rates low, including demographic trends, low productivity growth, and high levels of government debt.
Blinder argues that even if inflation rises above the Fed's target of 2%, the central bank is unlikely to raise rates aggressively, as it did in the past.
According to Blinder, the Fed will aim for a more moderate approach to monetary policy, which will involve keeping rates low for a longer period of time.
Blinder's predictions contradict some analysts who have been predicting a rise in interest rates in the near future.
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