Description: Interest rates are likely to stay low for years as the economy fights its way back from the coronavirus pandemic, Federal Reserve Chairman Jerome Powell said in remarks published Friday afternoon.

Source: CNBC.com

Date: Sep 04, 2020

Link: https://www.cnbc.com/2020/09/04/powell-says-duration-of-low-interest-rates-will-be-measured-in-years.html

Questions for discussion:

• Why are lower interest rates both good and bad news?
• How will lower interest rates likely affect consumer and business purchasing and investment?
• Which businesses will likely benefit from this lower interest rate environment?
• Which businesses might suffer as a result?