Yellen Re-Examining Negative Rates; Top Lawmaker Doubts Legality

  • Fed chair `wouldn't take those off the table' as option
  • Senate panel head Shelby wants to confirm Fed can't use tool

Would Negative Rates Help Or Hinder the Economy?

A top U.S. lawmaker questioned the Federal Reserve’s authority to cut interest rates below zero after Janet Yellen disclosed that the central bank was re-examining the tool as a policy option if the economy faltered.

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