--- title: "Meaning & Key Takeaway of: Real short- and long-term rates were…" description: "\"Real short- and long-term rates were relatively high in the late-1990s, so financial excess can also arise without a low-rate environment.\" — Jerome Po..." image: "https://sms4smile.com/quotes/i/426/jerome-powell-7353_environment_real-short-and-long-term-rates-were-rela_1349478.jpg" --- # Real short- and long-term rates were relatively high in… ![“Real short- and long-term rates were relatively high in the late-1990s, so financial excess can also arise without a low-rate environment.” quote by Jerome Powell](https://sms4smile.com/quotes/i/426/jerome-powell-7353_environment_real-short-and-long-term-rates-were-rela_1349478.jpg) [Download](https://sms4smile.com/quotes/i/426/jerome-powell-7353_environment_real-short-and-long-term-rates-were-rela_1349478.jpg) [Open image](https://sms4smile.com/quotes/i/426/jerome-powell-7353_environment_real-short-and-long-term-rates-were-rela_1349478.jpg) > “Real short- and long-term rates were relatively high in the late-1990s, so financial excess can also arise without a low-rate environment.” [Jerome Powell](https://sms4smile.com/quotes/author/jerome-powell/) ## About This Quote This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation. High rates can coexist with financial excess, showing risk isn’t only low‑rate driven. **In simple terms:** High rates don’t prevent financial bubbles. Key Takeaway Watch for excess even when rates are high. Themes economics finance risk monetary policy Mood cautious analytical Type policy economic When to use this quote - banking sector - investment decisions - policy analysis Key Concepts interest rates financial excess macro risk Questions to Reflect On - How can policymakers detect excess in a high‑rate environment? - What indicators reveal hidden risk? A Different Perspective High rates may mask underlying vulnerabilities. ★ ★ ★ ★ ★ No ratings yet [1990S Financial](https://sms4smile.com/quotes/about/1990s-financial-4583834/) [Customer](https://sms4smile.com/quotes/about/customer/) [Environment](https://sms4smile.com/quotes/about/environment/) [Excess](https://sms4smile.com/quotes/about/excess/) [Financial Excess](https://sms4smile.com/quotes/about/financial-excess-4583835/) [High](https://sms4smile.com/quotes/about/high/) [Late 1990S](https://sms4smile.com/quotes/about/late-1990s-269134/) [Long term](https://sms4smile.com/quotes/about/long-term/) [Rate Environment](https://sms4smile.com/quotes/about/rate-environment-4583836/) [Real](https://sms4smile.com/quotes/about/real/) [Short](https://sms4smile.com/quotes/about/short/) ## Related quotes > [When I left Toronto and entered journalism in the late 1990s, I had many notions about the news business, nearly all of them wrong,…](https://sms4smile.com/quotes/tom-rachman/when-i-left-toronto-and-entered-journalism-in-the-late-1990s-i-had/) [Tom Rachman](https://sms4smile.com/quotes/author/tom-rachman/) > [The late 1990s were really a moment of still tremendous hope and optimism about the relationship between Russia and the United States.](https://sms4smile.com/quotes/antony-blinken/the-late-1990s-were-really-a-moment-of-still-tremendous-hope-and/) [Antony Blinken](https://sms4smile.com/quotes/author/antony-blinken/) > [The 'looking forward' so prevalent in the late 1990s was bound to end once the new millennium began. 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