Commenting on the Fed’s policy outlook, a negative rate is not a tool that we think that we were going to use,” Cleveland Federal Reserve Chair Loretta Mester told CNBC on Wednesday.
“It depends on the quality rate, it is not a part of the assets of the discussion,” Mester added. “Would be a lot of problems with the negative of the rate. The Fed it is not trying to be a stand-in for the real economy”.
The reaction of the Market
The The US Dollar The Index was slightly higher on these comments, and it has been seen for the last time, gaining 0.22% on the day, at 100.23.