http://www.bloomberg.com/news/articles/2016-08-30/fed-s-fischer-says-negative-rates-seem-to-work-in-today-s-world
Federal Reserve Vice Chairman Stanley Fischer said negative interest
rates seem to be working in other countries, while reinforcing that they
aren't on the table in the U.S.
While the Fed isn't "planning to do
anything in that direction," the central banks using them "basically
think they're quite successful," Fischer said Tuesday on Bloomberg
Television with Tom Keene in Washington. He reiterated that Fed rate
increases will be data dependent without giving a specific timeline.
As we recall, Japan's Kuroda was swearing that negative rates were "off the table" until the day before they were announced...
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