Fed’s Rosengren: Fed has been clear negative rates are unlikely to be used

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The US Federal Reserve has been clear that negative interest rates are unlikely to be used, Boston Federal Reserve President Eric Rosengren said on Wednesday.

Additional takeaways

“More companies may look to the Main Street program if Congress doesn’t take more action to help small businesses.”

“We don’t have nearly enough testing so businesses that require social interactions are going to be challenged in the fall.”

“Online businesses are being quite successful.”

Market reaction

These comments don’t seem to be having a significant impact on the USD’s performance against its rivals. As of writing, the US Dollar Index was down 0.3% on a daily basis at 93.36.

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