Negative interest rates could be needed for a 'V' recovery, Fed economist says

. Congress has passed the $2.2 trillion CARES Act, but Fed officials higher public spending could be needed as the economic crisis lingers.whether negative interest rates would ever be used

"We don't think that's an appropriate tool here in the United States," Powell told former Fed Vice Chair and now Princeton University economist Alan Blinder. "I would say the evidence on whether it actually works is mixed.

While stopping short of going negative, the Fed has pulled its primary policy level that serves a baseline for many other rates down to near zero. It also is purchasing bonds again, though this time with more of a focus on market functioning than as an economic stimulus. Short-term Treasury yields occasionally have dipped into negative territory.

V recovery like in europe😂

Market has gotten a taste and now it's getting addicted to the free fed money, yeah of course...for the recovery!

Powell will bend to the political pressure and go NIRP like the rest of the world repo market be damned

This would serve no purpose 👺👺👺

Negative interest rates is how you create a worse economy. The rioters should burn down the federal reserve and fix america.

No...

Soon to be former staffer. It is literally illegal to do without changing the law and would collapse the entire system. Only reason negative rates look like they work is because the central banks keep buying the negative paper. It is an exchange system.

So what if not V?

1ALOKJOSHI For this Banks to pay negative interest and the Central Bank to announce chances of future demonetisation with very little exchange limit per individual. People would definitely avoid keeping high sum in form of currency notes.

Nasdaq is at all time highs. It’s V shape asset bubble 😂. Tell me they don’t see that ? stevenmnuchin1 federalreserve

Policy makers gone nuts 🤣 federalreserve stevenmnuchin1

not gonna happen

Ah shit here we go...

This is fake. jPow already no to negative rates. Why y’all playing fake news so much?

LONGCONVEXITY You think we have issues now? Negative rates will be the final nail in the coffin!

LukeGromen

/ / / V shaped recovery All we need is brrrrr, brrrrr, brrrrr Brrrrr is all we need Brrrrr is all we need

🤦‍♂️🤦‍♂️🤦‍♂️🤦‍♂️🤦‍♂️🤦‍♂️🤦‍♂️

Raise interest rates to solve inequality

CNBC keeps posting negative interest rate stories. Priming us for what’s to come?

This is not good for banks.

LONGCONVEXITY If you have a hammer, everything looks like a nail!

Neg rates will put GS stock to below $10 lol

Here we go... the beginning of the collapse

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