Fed's Barkin: Negative interest rates not suitable for United States
WASHINGTON (Reuters) - There is nothing to suggest that negative interest rates would be a suitable option for the United States, Richmond Federal Reserve president Thomas Barkin said on Thursday.
"I think negative interest rates have been tried in other places and I haven't seen anything personally that makes me think they are worth a try here," Barkin said in an interview with broadcaster CNBC, repeating a view he has consistently held.
Markets began pricing in a negative U.S. rate environment for the first time earlier on Thursday, even though Fed officials including Chairman Jerome Powell have said they do not see negative rates as appropriate in the United States.
(Reporting by Lindsay Dunsmuir; Editing by Chris Reese)
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Fed’s Waller: Still Believe Forward Guidance Can Be Useful Tool
- Change in Nonfarm Payrolls (Jun) 57K vs 113K Expected, Unemployment Rate 4.2%
- Piper Sandler defends Oracle ahead of earnings, sees $2.2 billion OCI upside
Create E-mail Alert Related Categories
Fed, General News, ReutersRelated Entities
Jerome PowellSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!



Tweet
Share