Incorrect, interest rates (prime rate) were a full 3 percentage points higher than they currently are during one the best periods of GDP growth in U. S. history (late ‘80’s). Prime rate should be in the 9% range right now, instead of 5%. We don’t need an inflation “target rate” of 2-4%. 0% should be the goal. Running more like 6.5% right now.
https://www.jpmorganchase.com/corporate/About-JPMC/historical-prime-rate.htm
https://www.thebalance.com/us-gdp-by-year-3305543
Incorrect, interest rates (prime rate) were a full 3 percentage points higher than they currently are during one the best periods of GDP growth in U. S. history (late 80s).
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You’re incorrect because you’re not using the current yield curve to determine market rates.