Powell on negative rates (2/2), March 15 FOMC...>

FED: Powell on negative rates (2/2), March 15 FOMC presser:

- "So, as I've noted on a number of occasions, really, the Committee - as you

know, we did a year-plus-long study of our tools and strategies and

communications. And we, really, at the end of that, and also when we started

out, we view forward guidance and asset purchases - asset purchases and also

different variations and combinations of those tools as the basic elements of

our toolkit once the federal funds rate reaches the effective lower bound - so,

really, forward guidance, asset purchases, and combinations of those. You know,

we looked at negative policy rates during the Global Financial Crisis, we

monitored their use in other jurisdictions, we continue to do so, but we do not

see negative policy rates as likely to be an appropriate policy response here in

the United States."