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'Negative interest' rates? EconoMeter panel weighs in

Roger Showley, SAN DIEGO UNION-TRIBUNE

Friday, February 5, 2016

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Kelly Cunningham, National University System
Answer: YES

The absurdity of failed economic policy is to double-down by further lowering interest rates. The Fed already did this the past seven years by holding the Federal Funds rate to zero percent. Even with low levels of inflation recorded, “real” interest rates were already effectively negative. As the U.S. economy continues to flail, the Fed will follow Japan and other countries in these foolish policy efforts by further pursuing this self-inflicted stimulus sewer trap.