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negative interest rates

Negative Interest Rates, the Federal Reserve, and Your Retirement

Recent news reports have indicated that President Trump has filled two of the open positions on the Federal Reserve’s Board of Governors. One of them, Randal Quarles, was formerly involved in the President’s Working Group on Financial Markets, a.k.a. the Plunge Protection Team. The other, Marvin Goodfriend, is an enthusiastic advocate of negative interest rates. If these picks for the Fed’s Board are any indication of the type of people President Trump will continue to pick for Fed vacancies, [...]