Negative rates get a second look

Fed Chair Janet Yellen will convene policymakers on Sept. 20 to mull interest rates

WHILE THE ODDS THAT THE FEDERAL Reserve will hike interest rates soon have fallen recently, so too has the likelihood that it will turn to another unpopular strategy to address the ailing economy: negative rates.

Negative yields, which are particularly onerous to retirees who live off income from their bonds and cash accounts, flip the idea of interest on its head. Rather than getting paid on deposits, banks, businesses

You’re reading a preview, subscribe to read more.

More from TIME

TIME4 min read
A Stunning Shogun For The 21st Century
It takes hubris to mess with one of the defining TV events of the 20th century. The original Shogun, a miniseries based on James Clavell’s best-selling 1975 doorstop, was a massive hit when it aired on NBC in 1980. Nearly a third of American househol
TIME1 min readDiet & Nutrition
Hunger in Gaza
Palestinians clamor for food in Rafah on Feb. 16. Nearly two-thirds of families in Gaza eat only one meal a day, and in 95% of households, adults restrict their intake to make sure small children can eat, according to a Feb. 19 report by the Global N
TIME3 min read
Why Are We More Exhausted Than Ever?
People are tired. Like, really tired. As evidenced by recent trends such as “Quiet Quitting,” “Coffee Badging,” “Bare Minimum Mondays,” and most of all, “The Great Resignation”—when over 47 million Americans voluntarily resigned from their positions—

Related Books & Audiobooks