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I was just putting the obvious together: recession incoming (probably already here) interest rates at zero, QE obviously ineffective, only thing left that the f
by carsongross 11y ago
I was just putting the obvious together: recession incoming (probably already here) interest rates at zero, QE obviously ineffective, only thing left that the fed can do is negative rates.
But it was confirmed as a possibility a few hours later when the FMOC comments came out:
http://www.zerohedge.com/news/2015-09-17/fomc-stunner-one-fomc-member-forecasts-negative-025-bps-interest-rate-2015-and-2016 http://www.zerohedge.com/news/2015-09-17/fomc-stunner-one-fo...
It won't work, of course, but what else are they supposed to do?