Fed's Bostic: 'Not a big fan' of negative interest rates
Reuters
Published May 11, 2020 01:14PM ET
WASHINGTON (Reuters) - Atlanta Federal Reserve bank president Raphael Bostic said he is "not a big fan" of negative interest rates.
Negative rates are "among the weaker tools in the toolkit," Bostic said in webcast remarks, reiterating the broad view among Fed officials that the U.S. is unlikely to use a policy approach currently used in Europe and Japan.
Some traders see negative rates as a possibility as the Fed battles the economic fallout from the coronavirus pandemic, though Fed officials have generally opposed the idea.
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Written By: Reuters
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