Pimco's Fels Sees Interest Rates 'Flatlining at the New Neutral'

The video discusses PIMCO's research on economic trends, focusing on the concept of 'flatlining' in interest rates rather than economic growth. It highlights the impact of financial repression and increasing debt on keeping interest rates low. The discussion includes insights from Joachim Fels and the belief that central banks, like the Fed, will maintain low policy rates due to economic constraints.

What role do central banks play in maintaining low policy rates?

What prediction does the text make about the future of interest rates?