Veale Institute executive director Michael Goldberg spoke with Channel 5 News about how long it may take for federal interest rates to get back to pre-pandemic norms.
“I think the question of how long this is going to last, in particular, as we head into elections next week is on everybody's mind, but it’s not clear,” said Goldberg. “This could be a long winter for us in many ways, but I think the hope is, is that interventions like today by the Fed to try to fight inflation, as tough as it is in terms of the impact of higher interest rates, that you will see us coming out of this in the upcoming months ahead.”