The Federal Reserve will not bring interest rates back down to their post-financial crisis lows, according to veteran investor Howard Marks — and he believes that’s a good thing. “The U.S. economy is doing quite well, and so it’s not clear that it requires stimulus,” Marks told CNBC’s Frank Holland on Tuesday. The current federal funds target rate of 5.25% to 5.5% is an “emergency measure designed to cool off the economy and inflation,” Marks continued. “One of these days we’ll declare victory against inflation, and the Fed will take rates down to something moderate and sustainable. I think that’s in the threes.” The ... (full story)