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12 Sep 2016
Fed's Kashkari: Highly unlikely Fed would use negative interest rates
Minneapolis Fed's President Neel Kashkari is hitting the wires last minutes, via Reuters, noting that negative interest rates are having opposite policy effect and scaring to the people.
Key Quotes (via Reuters):
- Nothing in data jumps out at me to suggest recession is around the corner
- Says can either accept lower U.S. growth, try to boost fertility or boost immigration
- Forecasts US GDP growth at 2%
- Fed has perfect tools to contain too high inflation