45: Are low interest rates the new normal?

The Federal Reserve in the U.S. recently cut interest rates to zero, and it isn’t the only central bank to lower rates in response to the coronavirus. But low interest rates have been a theme for longer than recent weeks; they’ve been declining since 1980. Michael Fredericks discusses why interest rates became so low in the first place, what stage of the recovery we’re in now and where he’s finding investment opportunities in today’s markets.