Why you shouldn't fear an explosion in rates

Separating media hype from economic realities
  • A recent article by former Fed chair Ben Bernanke addresses Fed policy and the ZLB -- the zero lower bound -- and may get to the heart of why rates are so low.

The 10-year T-note and mortgage rates have reached post-election lows, 2.20 percent and 4.00 percent respectively. What in the world are we doing down here?