Yellen Confirms Fed Has “Legal Basis” To Pursue Negative Rates

by Tyler Durden
ZeroHedge.com
Jun 21, 2016

Several months ago confusion emerged if the Fed can pursue NIRP even if it wants to when the Fed itself admitted that “There are several potentially substantial legal and practical constraints to implementing a negative IOER rate regime, some of which would be binding at any IOER rate below zero, even a rate just slightly below zero.” Moments ago Yellen put any confusion about this question to rest when she said that the “Fed does have legal basis for negative rates policy.”

The Rest…HERE

This entry was posted on Tuesday, June 21st, 2016 at 11:23 am and is filed under Conspiracy, Corruption, Economics, Government Evil, New World Order. You can follow any responses to this entry through the RSS 2.0 feed.