Market Angry About Yellen’s “Is NIRP Legal” Confusion

by Tyler Durden
ZeroHedge.com
02/10/2016

Just as we detailed last week, and it appears Rep. Hensarling has been reading, when pressed on The Fed’s legal authority to take interest rates negative, Janet Yellen gushed that “Fed authority for negative rates is still a question.” This appears to have been taken as bad news by the market (cutting off the potential easing paths of the future in a world of NIRP), and stocks, crude, USDJPY have all tumbled.

The Rest…HERE

This entry was posted on Wednesday, February 10th, 2016 at 12:39 pm and is filed under Conspiracy, Corruption, Economics, Government Evil. You can follow any responses to this entry through the RSS 2.0 feed.