The Federal Reserve Chairman (Fed) on Wednesday described the current level of interest rate policy in a tone that can be interpreted as a sign that interest rate growth will be lower in the future.
Bauer said on Wednesday that the interest rate is "just a little lower than the neutral level."
Bauer told the New York City Club that, according to historical standards, interest rates are still low, still slightly below the level of economic neutrality, a level that will not speed up or slow down economic growth.
Earlier in October, Bauer said the current Fed policy could be far from neutral.
Speaking in New York, Bauer described the overall risk of financial stability as mild.