New York Fed President Says "If Economy Weakens Further, Would Consider Negative Rates"

[Banjo]

Smackdown coming for cognitive dissonance in ivory tower.

http://www.zerohedge.com/news/2016-...ys-if-economy-weakens-further-would-consider-

 

[recession2016]

you would think negative rates would help stocks, but people seem to be content holding cash instead

 

[speedo]

Lol, they began to raise because of "positive data". Aside from the cooked employment numbers, data has been weak.

 

[clacy]

Who could have possibly seen that coming?

 

[prc117f]

Rates are already negative, just not explicitly. It would be interesting when/if they set explicit negative interest rates.

 

[romik]

Very likely outcome IMO. They will blame world economy underperformance, our economy is strong as a bull, but yada yada yada...