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New York Fed boss dismisses negative rates as 'extraordinarily premature'

Discussion in 'Market News' started by Lily, Feb 12, 2016.

  1. Lily

    Lily Forum Member

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    William Dudley says US households and banks are able to absorb shock of global market turbulence and seeks to quell fears of bank lending ‘doom loop’

    New York Fed president William Dudley has dismissed speculation that the US Federal Reserve could adopt negative interest rates as “extraordinarily premature”.

    Speaking a day after Fed chair Janet Yellen concluded two days of congressional testimony during which she left open questions on whether the US could follow central banks in Europe and Japan by adopting negative rates, Dudley, a voting member on the Fed’s policymaking committee, struck an optimistic tone.

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