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Dennis LockhartDennis Lockhart, a distinguished professor of the practice, wrote an article entitled, "Negative interest rates are uncalled for in today's strong economy" in The Hill.
Excerpt:
During President Trump’s meeting with Federal Reserve Chairman Jerome Powell and Treasury Secretary Steven Mnuchin on Monday, the subject of negative interest rates was reportedly discussed.
But how likely is it that the Federal Open Market Committee, in the foreseeable future, will set the policy rate below zero? Not at all likely, in my opinion, even while a negative rate environment is becoming the norm among advanced economies.
