from WallStForMainSt
For now Jerome Powell & The Fed are against negative interest rate policy (NIRP). But how long will this last?
Billionaire bond fund manager Jeff Gundlach Tweeted out recently that the bond markets are going to pressure (bully) the Fed into going NIRP sooner than later: https://twitter.com/TruthGundlach/sta…
Powell to Address Dire Outlook Amid Bets on Negative Rates https://finance.yahoo.com/news/fed-po…
Powell Slams Door on Trump’s Negative Rates ‘Gift’ https://finance.yahoo.com/news/powell…
St. Louis Fed’s Bullard: Negative interest rates would be ‘problematic’ in US https://finance.yahoo.com/news/st-lou…
Fed Would Be Foolish to Take Rates Below Zero https://finance.yahoo.com/news/fed-fo…
However, many professional traders are still betting on NIRP to happen with their bets on Fed Funds Futures in 2021 https://finance.yahoo.com/news/trader…
Last year in September 2019, former Fed Chairman Alan Greenspan said that it is only a matter of time before NIRP spreads to the US https://www.cnbc.com/amp/2019/09/04/a…
Former Minneapolis Federal Reserve Bank Chairman, Narayana Kocherlakota started advocating for NIRP last month in a Bloomberg News Op-Ed piece: https://finance.yahoo.com/news/fed-ne…
Other Articles Discussed In Tonight’s Live Stream Show:
1) New threat to the economy: Americans are saving like it’s the 1980s https://amp.cnn.com/cnn/2020/05/12/in…
2) Second layoffs, backlogs wave keeps U.S. jobless claims elevated https://www.reuters.com/article/us-us…
3) U.S. has no need to buy back debt, will take advantage of low interest rates: Mnuchin https://www.yahoo.com/news/u-no-buy-b…
4) Powell says more policy help may be needed to pull the US out of economic downturn https://www.cnbc.com/2020/05/13/feds-…