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re: UPDATE: Fed Chair Yellen is testifying live on CNBC now. (9:34 am, 2/11/16)
Posted on 2/11/16 at 10:04 am to LSURussian
Posted on 2/11/16 at 10:04 am to LSURussian
Here we go......Corker asking about the Fed implementing negative rates. 
ETA: "We looked at negative rates in 2010 and concluded it would not be an effective way of stimulating the economy." - Yellen
ETA: "We looked at negative rates in 2010 and concluded it would not be an effective way of stimulating the economy." - Yellen
This post was edited on 2/11/16 at 10:07 am
2
Posted on 2/11/16 at 10:12 am to LSURussian
quote:
Here we go......Corker asking about the Fed implementing negative rates.
I think the guy bringing up stunted productivity is spot on. These senators are clearly the A team on this committee.
Posted on 2/11/16 at 10:14 am to LSURussian
quote:
ETA: "We looked at negative rates in 2010 and concluded it would not be an effective way of stimulating the economy." - Yellen
Right. In 2010.
She said it is currently on the table now.
"All options are open"
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