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Message
re: UPDATE: Fed Chair Yellen is testifying live on CNBC now. (9:34 am, 2/11/16)
Posted on 2/10/16 at 11:13 am to LSURussian
Posted on 2/10/16 at 11:13 am to LSURussian
quote:
I'm confused why the Fed needs specific authorization to create negative interest rates since it already has authority to set the Fed funds rate
agreed...I'd bet the Fed does what ever the hell it wants.
1
Posted on 2/10/16 at 11:15 am to LSU0358
I bet they don't need congressional authority. I hope they aren't even considering NIRP.
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