Bertaut, Carol; DeMarco, Laurie Pounder; Kamin, Steve; … - Federal Reserve Board (Board of Governors of the … - 2011
the United States led to significant declines in long-term interest rates in the United States and other industrial … economies. In turn, these lower interest rates, when combined with both innovations and deficiencies of the U.S. credit market …, played a role in contributing to downward pressures on U.S. interest rates. …