Yellen Says Legality of Negative Fed Rates in Question

Updated on
  • An investigation of legal issues `still needs to be done'
  • The Fed `didn't fully look at the legal issues' in 2010

Yellen: No Known Restriction Preventing Negative Rate

The Federal Reserve has not yet determined whether it would be able to legally implement negative interest rates in the U.S., Chair Janet Yellen said.

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