4 ms·
artificial as in not 'natural' and natural as in set by market forces, which a central bank setting a short term rate is not a 'natural' market force.
by joyeuse6701 9y ago
artificial as in not 'natural' and natural as in set by market forces, which a central bank setting a short term rate is not a 'natural' market force.
- soVeryTired 9y agoIt's been a long time since short rates were set by market forces. And the financial system wasn't particularly stable then either.