WH adviser Hassett: Would support negative interest rates

Eren Sengezer FXStreet

White House Council of Economic Advisers Chairman Kevin Hassett said on Friday that he would support it If the US Federal Reserve were to decide to push interest rates into the negative territory.

Commenting on the NFP report, Hassett argued that the Unemployment Rate is likely to rise further in May and could be around 20-25%.

Market reaction

These comments had little to no impact on market sentiment. As of writing, Wall Street's main indexes were up between 0.7% and 1.4%.

Author

Eren Sengezer

FXStreet

As an economist at heart, Eren Sengezer specializes in the assessment of the short-term and long-term impacts of macroeconomic data, central bank policies and political developments on financial assets.

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