Federal Reserve Chairman Jerome Powell said Sunday that it's unlikely that the central bank will entertain negative interest rates as the next step to help the economy during the coronavirus scare.
Federal Reserve Chairman Jerome Powell said Sunday that it's unlikely that the central bank will entertain negative interest rates as the next step to help the economy during the coronavirus scare.
Powell spoke during a news conference after the central bank's move to cut short-term interest rates to near-zero and implement $700 billion of quantitative easing. "We do not see negative policy rates as likely to be an appropriate policy response here in the United States," the chairman said in response to a question.This is breaking news. Check back here for updates
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