Thursday, February 11, 2016

Yellen says Fed isn’t sure whether it’s legal to adopt negative rates

http://www.marketwatch.com/story/yellen-says-fed-isnt-sure-whether-its-legal-to-adopt-negative-rates-2016-02-10

Fed chairwoman sees need to ‘investigate more thoroughly’

One reason to push rates into negative territory — in other words, to force banks to pay to park a portion of their reserves at the central bank — would give these banks an incentive to instead lend the funds, thus spurring economic growth.

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