“The FOMC has taken a close look at negative interest rates and believes that this is not the right tool to use at the moment,” said President of the Federal Reserve Bank of New York John Williams on Thursday.
Additional things to remember
“Construction, retail and other key sectors of the economy could return more quickly.”
“Expecting a rebound in the economy in the second half, the question is to what extent.”
The markets seem to be working well and other indicators seem favorable, but the Fed is on the alert. “
“It will take a while for the economy to recover to its full potential.”
“The Fed’s goal is to keep interest rates low to support the economy, but not to make them negative.”
“There is a lot of uncertainty in the economy, but the most important is what is going on with the virus.”
The US dollar index extended its rebound in the past few minutes and was last seen up 0.32% to 99.48.