Kocherlakota: Fed should talk openly about negative rates
Former Minneapolis Fed president advocates talking about policy options in a recession ahead of time
The Federal Reserve should be talking openly about what tools it could use to ease policy in a recession, including the use of negative rates, Narayana Kocherlakota said on June 6.
Kocherlakota, former Federal Reserve Bank of Minneapolis president, was speaking during a panel discussion at a Brookings Institution event, which also included former Fed chair Ben Bernanke.
Another participant, Beth Hammack, global head of short-term rates at Goldman Sachs, argued there is a "real impact on the
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