Powell: Fed not looking at negative rates

Powell: Fed not looking at negative rates

May 13, 2020

“In saying that the FOMC’s position ‘has not changed, this is not something we’re looking at,’ Mr. Powell clearly shelved the prospect of negative rates for now. Market participants will look for enhanced forward guidance and more explicit forms of yield curve control at the June meeting,” commented Karl Schamotta, Chief Market Strategist, to Reuters.

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