Salon Talks with Ali Velshi: A normal interest rate "doesn't mean the world is coming to an end"

Host Carrie Sheffield talks to journalist Ali Velshi about the potential effect of an interest rate hike


Brendan Gauthier
September 2, 2016 12:39AM (UTC)

"Salon Talks" host Carrie Sheffield on Monday sat down with global affairs and economics journalist Ali Velshi to discuss the effect — real or perceived — of an interest rate hike on the U.S. economy.

"This is a very important moment that we're in," Velshi explained. "Are rates actually going up? And what does the world look like with higher or more normal interest rates? We haven't seen that for eight, nine years."

Advertisement:

"We're not too far from that," but the Federal Reserve raises rates in quarter-point increments, so the U.S. may not see a "comfortable" interest rate — between three and six percent, by Velshi's calculations — for another decade.

"But ultimately we're very worried that the world will just collapse if we actually have interest rates," he continued. "The idea that you might pay six or seven percent for a mortgage doesn't mean the world is coming to an end."


Brendan Gauthier

Brendan Gauthier is a freelance writer.

MORE FROM Brendan GauthierFOLLOW @BuzzFeedBrandon

Related Topics ------------------------------------------

Ali Velshi Carrie Sheffield Federal Reserve Bank Original Video Salon Talks

BROWSE SALON.COM
COMPLETELY AD FREE,
FOR THE NEXT HOUR

Read Now, Pay Later - no upfront
registration for 1-Hour Access

Click Here
7-Day Access and Monthly
Subscriptions also available
No tracking or personal data collection
beyond name and email address

•••


Fearless journalism
in your inbox every day

Sign up for our free newsletter

• • •