Fed Vice Chair Says Negative Rates Are Working For Some Countries, But Not The US

Federal Reserve vice chairman Stanley Fischer says negative rates look like they’re working to the benefit of other countries, but they still aren’t on the table for use in the US.

Fischer emphasized the Fed isn’t planning to move in that direction, but said that central bankers use of negative rates in other countries is perceived as a successful policy, Bloomberg reports. Yet when it comes to the US, Fischer said Fed rate increases are dependent on signs of a healthy economy backed by sufficient data.

The data he’s referring to is the 2% inflation mark and strong employment growth, and while Fischer says the US is near full employment, pessimism surrounding the rate of expansion is holding the economy back. [Bloomberg]

Continue reading this story with a free account

Log in or register
Sign up for more articles like this
Subscribe to Bisnow's National Newsletters
Related Stories

Democrats Win Congress As America's Data Center Backlash Hits The Ballot Box

U.S. Hotel RevPAR Surges 7% In Q3, But Expect Easing From Here

Stock Sell-Off, Bond Market Jitters Signal Financing Trouble For AI Data Centers

Starwood Launches Residential Land JV Targeting $1B In Annual Originations

RealPage Antitrust Case Ends With Nearly $360M In Settlements For Renters

ZOM Living Entity Files For Bankruptcy To Fund Fight To Overturn $323M Judgment

How Colliers Engineering Helped A Struggling Dam Move To The Head Of The Class

Real Estate's Bottom Rung Is Getting Harder To Reach — And Now It Wants AI Skills

OpenAI Plans Data Center Rebrand To Make Projects Palatable To Voters

The Geo Group To Reopen 2,329-Bed Immigration Facility In Texas

Brookfield, CPP Complete $5.2B REIT Buyout, Pick Up U.S. Logistics Assets

Metropolis Is Bringing AI To The Parking Experience, And Property Owners Are Taking Notice