Powell says the Federal Reserve is not looking at negative interest rates
Even as it has pulled out all the policy stops during the coronavirus crisis, Federal Reserve Chairman Jerome Powell said one area it won't be going is negative interest rates.
"I know there are fans of the policy, but for now it's not something that we're considering," the central bank leader said Wednesday. "We think we have a good toolkit and that's the one that we will be using."
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Watch Fed Chairman Jerome Powell speak live on the economyThe focus of the speech is on the economy and the damage done during the coronavirus crisis.
Lire la suite »
Fed's Bostic: 'Not a big fan' of negative interest ratesAtlanta Federal Reserve bank president Raphael Bostic said he is 'not a big fan' of negative interest rates.
Lire la suite »
Negative interest rates are coming to the US, a CIO overseeing $270 billion says - Business InsiderCIO Scott Minerd says recent action from the Fed means companies that would normally be shut out of credit markets in times of stress can raise cash.
Lire la suite »
Once taboo, investors begin to imagine negative U.S. ratesNegative interest rates in the United States were once unimaginable. The coronavirus has changed that.
Lire la suite »
Negative rates in the UK 'quite possible,' BOE deputy governor saysThe U.K. may be headed toward negative interest rates at impending Bank of England monetary policy meetings, according to Deputy Governor for Monetary Policy Ben Broadbent.
Lire la suite »
Futures rise ahead of Fed Chair Powell's addressU.S. stock index futures edged higher on Wednesday, a day after Wall Street's main indexes fell, as investors kept an eye out for Federal Reserve Chairman Jerome Powell's address.
Lire la suite »