A previous Fed official says the U.S. national bank ought to do the once in the past unbelievable: take loan fees underneath 0%

‘Phenomenal circumstances require remarkable activities. That is the reason the U.S. Central bank should battle a quickly extending downturn by taking loan fees underneath zero unexpectedly’ That is Narayana Kocherlakota writing in a commentary in Bloomberg Opinion on Friday. The 56-year-old business analyst, who filled in as leader of the Read more…