Fed will do whatever it takes, except negative rates

FOMC Minutes: Negative rates out of the question – UOB | Forex Crunch

Senior Economist at UOB Group Alvin Liew assessed the recent publication of the FOMC minutes. “The latest federal open market committee (FOMC) minutes revealed that the Fed pursued a ‘a forceful monetary policy response’ to the coronavirus disease (COVID-19) pandemic by lowering the fed funds target rate (FFTR) by an unprecedented 100bps to 0.0-0.25% (global financial crisis (GFC) low), restarting quantitative easing (QE) and introducing various measures to ‘support the credit needs of households and businesses’.”

By Miki

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