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High interest rates aren’t going away anytime soon – a business economist explains why

  • Written by Christopher Decker, Professor of Economics, University of Nebraska Omaha
High interest rates aren’t going away anytime soon – a business economist explains whyFederal Reserve Chair Jerome Powell speaks to reporters on May 1, 2024.Saul Loeb/AFP/Getty Images

The Federal Reserve held interest rates steady at its May 1, 2024, policy meeting, dashing the hopes of potential homebuyers and others who were hoping for a cut. Not only will rates remain at their current level – a 23-year high – for at...

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