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."
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
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.
Read more »
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.
Read more »
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.
Read more »
Once taboo, investors begin to imagine negative U.S. ratesNegative interest rates in the United States were once unimaginable. The coronavirus has changed that.
Read more »
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.
Read more »
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.
Read more »