Minneapolis Fed president Kashkari: Policymakers have been "pretty unanimous" against negative rates

Market news

12 May 2020

Minneapolis Fed president Kashkari: Policymakers have been "pretty unanimous" against negative rates

Says there are other tools that Fed could use before introducing negative rates but he does not want to say never on the possibility
There will need to be more support for unemployed workers
U.S. government can borrow cheaply and has ability to raise funds to help American people
When crisis is over, we will need to put fiscal house in order
We are not going to fix economy until we get our hands around virus; we might be in this for a long time

Donald J. Trump @realDonaldTrump: "As long as other countries are receiving the benefits of Negative Rates, the USA should also accept the “GIFT”. Big numbers!"

Philadelphia Fed president Harker: Fed's goal is to make sure every sector of economy has access to liquidity

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