Former Federal Reserve (Fed) Stanley Fischer addressed a farewell conference for Bank of Israel Governor Karnit Flug in Jerusalem on Sunday, with the key comments reported by Reuters found below. “The possibility of having a negative interest rate frightened the heck out of everybody who had to set the interest rate.” “What really concerned people was, ‘If we raise the interest rate, will we have to reduce it, and if we have to reduce it, will it go negative?'” “This led to interest rate raising aversion. So the interest rate was kept between zero and 25 basis points for several years.” “There was a large public aversion to going negative, so it was fortunate that we didn’t get into that situation.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Crypto market overview: Bitcoin (BTC) still capped by $6,500, Bitcoin Cash (BCH) defies gravity FX Street 4 years Former Federal Reserve (Fed) Stanley Fischer addressed a farewell conference for Bank of Israel Governor Karnit Flug in Jerusalem on Sunday, with the key comments reported by Reuters found below. "The possibility of having a negative interest rate frightened the heck out of everybody who had to set the interest rate." "What really concerned people was, 'If we raise the interest rate, will we have to reduce it, and if we have to reduce it, will it go negative?'" "This led to interest rate raising aversion. So the interest rate was kept between zero and 25 basis points for several… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
