An ag economist says its possible interest rates won’t be raised for at least two more years.

Tanner Ehmke with CoBank says interest rates are essentially at zero and recent projections by the Federal Reserve’s board of governors indicates it should stay that way for a while, “Not until we get to 2023 do we start to see a break out where we now have five of the 12 now projecting that we will have higher rates by then.”

He says the Fed is watching for inflation indicators before it would be time to raise rates.

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