Gary Schollsberg, a Global Strategist for Wells Fargo, said that the U.S. Federal Reserve won’t likely be adopting negative interest rates anytime soon.
These thoughts were relayed to CNBC via an interview with Schollsberg yesterday.
“The Fed will do what’s necessary to maintain liquidity,” however negative interest rates seem unlikely at the moment. Europe has already tried the idea with mixed results and Schollsberg argues that there are far too many ‘unintended consequences’ when it comes to negative interest rates.
Schollsberg also said that bond yields could drop further if the deflationary crisis in the United States worsens.
However, Schollberg’s comments are contrary to what President Trump himself has said — recently tweeting that he supported the idea of negative interest rates since other countries have been benefitting from it.


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