Fed's Mester: Negative rates not a tool we think we would use
|Commenting on the Fed's policy outlook, "negative rates is not a tool we think we would use," Cleveland Federal Reserve President Loretta Mester told CNBC on Wednesday.
"Negative rates is not a part of the active discussion," Mester further added. "Would be a lot of problems with negative rates. The Fed is not trying to stand in for the real economy."
Market reaction
The US Dollar Index inched higher on these comments and was last seen gaining 0.22% on the day at 100.23.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.