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5/19, 4:48 PM (Source: TeleTrader)
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Kashkari says Fed can use other tools before negative rates

The United States Federal Reserve can use other fiscal tools before implementing negative rates, President of the central bank's Minneapolis subsidiary Neel Kashkari (pictured) stated on Tuesday.

Further, the official said the US has the "extraordinary" fiscal capacity to borrow and spend what it needs to get through the coronavirus-caused crisis.

Earlier last week, Kashkari warned that the economy won't be able to recover until the ongoing pandemic is put under control.

Breaking the News / MD