Yellen Says Negative Rates On The Table “If Outlook Worsened”

“As the market now diligently calculates the suddenly surging odds of a December rate hike, here’s Yellen with a preview of what will happen once the rate hike cycle is aborted,  just as it was aborted in Japan in August of 2000 when the BOJ also decided to send a signal how much stronger the economy is by hiking 25 bps, only to cut 7 months later and to proceed to monetize not only all net Japanese debt issuance a decade later, but to hold half of all equity ETFs. The good news: YELLEN SAYS SHE DOESN’T SEE NEED FOR NEGATIVE RATES NOW;  YELLEN SAYS FED SEES ECONOMY ON STEADY PATH OF IMPROVEMENT;  Because when have the Fed’s forecasts before ever been wrong.”

http://www.zerohedge.com/news/2015-11-04/yellen-says-negative-rates-table-if-outlook-worsened

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