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Economists Discuss Impact Of Low Interest Rates Set By Federal Reserve

The Federal Reserve is going to keep a key interest rate at historic lows for at least another month. An improving, but less than stellar job market along with still low inflation are a couple of the reasons cited.

The minimal interest rate has affected saving, but with a U.S. economy so reliant on consumer spending, how important is that?

To learn more, we talked with Lynn Franco, director of economic indicators and surveys at the Conference Board, and economics professor Dennis Hoffman of the W.P. Carey School at Arizona State University.

Steve Goldstein was a host at KJZZ from 1997 to 2022.