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13.05.2016 15:38

Fed Chairwoman Janet Yellen does not completely rule out negative interest rates

Fed Chairwoman Janet Yellen wrote in a letter to Representative Brad Sherman on Thursday that she would not completely rule out negative interest rates, adding that "policymakers would need to consider a wide range of issues" before implementing this tool in the U.S.

She noted that the Fed would analyse the effect of negative interest rates as this tool provided additional monetary policy accommodation.

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