Coronavirus Impact – Wall Street Sinks Again on Fed Warning of Prolonged Recession

Last Updated On May 14, 2020 9:33 AM by Neal Bhai

Wall Street is falling in another erratic day of trading Wednesday, weighed down by worries about a slow recovery for the economy.

The Fed is not considering negative interest rates

Last Updated On May 13, 2020 7:59 PM by Neal Bhai

Fed Chair Jerome H. Powell said the central bank is not considering lowering interest rates below zero, saying that negative rates are not necessary given the Fed’s other tools.

The Fed is Showing Reluctance To Go Negative, But Such a Move Can’t be Ruled Out

Last Updated On May 12, 2020 6:33 PM by Neal Bhai

Negative interest rates may seem an unlikely course of action for the U.S. Federal Reserve, but former Fed governor Randy Kroszner told MasterMind Update Monday that he wouldn’t rule out the possibility after experiencing the financial crash.