Markets

The Fed won’t use negative interest rates to counteract the coronavirus recession, chairman Jerome Powell says

The Federal Reserve remains averse to negative interest rates despite the gloomy economic backdrop, Chairman Jerome Powell said Wednesday. The US economic trajectory is still “highly uncertain and subject to significant downside risks,” and additional aid is likely necessary stage a recovery, Powell added in a videoconference with the Peterson […]
The Fed won’t use negative interest rates to counteract the coronavirus recession, chairman Jerome Powell says
Markets

‘The most anti-capitalist idea I could ever dream up’: Billionaire investor Stanley Druckenmiller unloads on Trump’s desire for negative interest rates

Several countries implemented negative interest rates to boost their economies in 2019, but billionaire investor Stanley Druckenmiller told Bloomberg TV that the policy tools interfere with the US’s economic balance. Druckenmiller called negative rates “the most anti-capitalist idea I could ever dream up,” adding that “the financial crisis happened because […]
‘The most anti-capitalist idea I could ever dream up’: Billionaire investor Stanley Druckenmiller unloads on Trump’s desire for negative interest rates