Powell says the Fed doesn’t see negative rates as ‘appropriate’ policy for the United States


Federal Reserve Chairman Jerome Powell explained Sunday that it really is not likely that the central lender will entertain detrimental desire rates as the up coming stage to assist the economy through the coronavirus scare.

Powell spoke all through a information conference soon after the central bank’s transfer to reduce shorter-time period desire charges to near-zero and employ $700 billion of quantitative easing.

“We do not see destructive coverage rates as likely to be an appropriate coverage response listed here in the United States,” the chairman stated in reaction to a dilemma.

We do not see eng polcy amount as liely tobe an aporoate polcy response right here in the united states.

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