03/09/2011
https://www.congress.gov...
"I could see an adverse effect on business investments. Investors would be pressured to move further out the risk curve, even further than they have already been pressured."
"isn't it also true that there is an internal memo at the Fed from, I think it was, August of 2010 that raises doubts about whether the Fed has the legal authority to impose negative interest rates?"
"I find it very, very disturbing to even seriously consider moving in that direction, and I hope we could talk about some of the potential risks of negative interest rates."
"One of my deep concerns is that central banks around the world, very much including our own, seem to be trying to compensate for an inability of the political class around the world to address what is..."