As of October last year, the FOMC was...........>

FED: As of October last year, the FOMC was unanimous that negative rates were

not a viable tool...but did leave the door cracked open slightly. 

- Referencing a discussion on the Fed's review of monetary policy strategy, the

minutes of the October 2019 FOMC note: "All participants judged that negative

interest rates currently did not appear to be an attractive monetary policy tool

in the United States....limited scope to bring the policy rate into negative

territory... evidence on the beneficial effects of negative interest rates

abroad was mixed... unclear what effects negative rates might have on the

willingness of financial intermediaries to lend and on the spending plans of

households and businesses. ... would entail risks of introducing significant

complexity or distortions to the financial system".

- Though, never say never! "Notwithstanding these considerations, participants

did not rule out the possibility that circumstances could arise in which it

might be appropriate to reassess the potential role of negative interest rates

as a policy tool."