By Brena Swanson | HousingWire
The hot topic for questioning during Federal Reserve Chair Janet Yellen’s hearing before the House Financial Services Committee Wednesday morning on the conduct of monetary policy and the state of the economy centered around the feasibility of negative Fed rates.
Rep. Ed Royce, R-CA, said in a statement after the hearing, “After lengthy questioning by Rep. Royce, Chair Yellen concluded that negative interest rate policy is something that should be examined by the Federal Reserve.”
