Fed' Bullard: Negative interest rate policy could be looked at


While discussing the Federal Reserve's monetary policy framework review during a podcast, St. Louis Fed President James Bullard said that negative interest rate policy was one of the possible alternative strategies the Fed was looking at in that review.

"There are other types of policies that probably aren’t getting as much analysis. But one is negative interest rate policies. Those are being used in Europe and in Japan," Bullard said.

"They haven’t been as popular in the U.S., but that’s something else that certainly could be looked at. There are probably a host of others that we could talk about, but those are probably the main ones."

These remarks were not related to the short-term monetary policy outlook and were largely ignored by the market participants. As of writing, the US Dollar Index was up 0.08% on the day at 97.90.

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.

Feed news

Latest Forex News

Editors’ Picks

AUD/USD: Choppy inside short-term triangle above 200-bar EMA

AUD/USD takes the bids to 0.6835 during Friday’s Asian session. The pair recently bounced off 200-bar Exponential Moving Average (EMA) and portrays a four-day-old symmetrical triangle. 

AUD/USD News

USD/JPY steady at 200-DMA ahead of critical US NFP data

Steady below the 200-day moving average, Yen fell from 108.97 to 108.66 overnight as positive trade deal headlines flowed through the news wires and helped US stocks eke out further gains. Risk appetite was solid into the close on Wall Street overnight.

USD/JPY News

US Non-Farm Payrolls November Preview: Labor market continues to defy concerns

Non-farm payrolls are predicted to rise 180,000 in Nov following Oct’s 128,000 increase. The unemployment rate is expected to be unchanged at 3.6%. Hourly earnings will gain 0.3% in Nov after October’s 0.2% increase and annual earnings will be stable at 3.0%.

Read more

Gold: Modestly changed to $1475 as markets turn cautious ahead of US NFP

Gold fails to extend the previous day’s recovery while trading near $1475/76 amid Friday’s Asian session. That said, the yellow metal registers failures to close beyond 50-day EMA for the third consecutive day.

Gold News

GBP/USD: 1.3180 holds the key to further upside

GBP/USD traders modestly changed around 1.3160 by the press time of early Asian session on Friday. That said, overbought conditions of the 14-day Relative Strength Index (RSI) and the recent stop in north-run make buyers doubtful.

GBP/USD News

Forex MAJORS

Cryptocurrencies

Signatures