Philadelphia Federal Reserve Bank President Patrick Harker on Tuesday said that the Federal Reserve’s monetary policy was ‘about neutral or slightly accommodative.’ Regarding the possible use of negative interest rates, “There would be an extremely high hurdle for me to support negative interest rates,” Harker stated, per Reuters. “In the case of a recession, the best response may not be negative rates but a bigger fiscal stimulus.” Meanwhile, the US Dollar Index continues to move sideways near the 98.30 mark in the session. 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 UK: PM Johnson’s Brexit deal set to pass if Conservatives win majority – Standard Chartered FX Street 3 years Philadelphia Federal Reserve Bank President Patrick Harker on Tuesday said that the Federal Reserve's monetary policy was 'about neutral or slightly accommodative.' Regarding the possible use of negative interest rates, "There would be an extremely high hurdle for me to support negative interest rates," Harker stated, per Reuters. "In the case of a recession, the best response may not be negative rates but a bigger fiscal stimulus." Meanwhile, the US Dollar Index continues to move sideways near the 98.30 mark in the session. 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.
