Speech By Federal Reserve Vice Chairman Stanley Fischer At The Economic Club Of New York, New York, New York, October 17, 2016, Why Are Interest Rates So Low? Causes And Implications

I am grateful to the Economic Club of New York for inviting me to speak today. My subject is the historically low level of interest rates, a topic not far from the minds of many in this audience and of many others in the United States and all over the world.¹