Economics
Fed’s Fischer Says Negative Rates Seem to Work in Today’s World
- Equity prices ‘quite decent’ where policy has been in use
- Reiterates that Fed rate increases will depend on data
Fed's Fischer: We're Not Planning to Go to Negative Rates
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Federal Reserve Vice Chairman Stanley Fischer said negative interest rates seem to be working in other countries, while reinforcing that they aren’t on the table in the U.S.
While the Fed isn’t “planning to do anything in that direction,” the central banks using them “basically think they’re quite successful,” Fischer Tuesday on Bloomberg Television with Tom Keene in Washington. He reiterated that Fed rate increases will be data dependent without giving a specific timeline.