Fed May Lack Legal Authority for Negative Rates: 2010 MemoBy
August 2010 memo highlights possible hurdles to negative rates
`Not at all clear' law allows Fed to charge negative rates
The Federal Reserve may not have the legal authority to set negative interest rates in the U.S., according to a 2010 staff memo that was posted late last month on the central bank’s website.
To continue reading this article you must be a Bloomberg Professional Service Subscriber.
If you believe that you may have received this message in error please let us know.