New York Fed President Says "If Economy Weakens Further, Would Consider Negative Rates"

Smackdown coming for cognitive dissonance in ivory tower.

http://www.zerohedge.com/news/2016-...ys-if-economy-weakens-further-would-consider-

 

you would think negative rates would help stocks, but people seem to be content holding cash instead

 

Lol, they began to raise because of "positive data". Aside from the cooked employment numbers, data has been weak.

 

Who could have possibly seen that coming?

 

Rates are already negative, just not explicitly. It would be interesting when/if they set explicit negative interest rates.

 

Very likely outcome IMO. They will blame world economy underperformance, our economy is strong as a bull, but yada yada yada...