October 31st, 2008 7:41 am | by John Jansen |

San Francisco Federal Reserve Bank President Yellen opines that if the economy remains weak that the FOMC would move Federal Funds target closer to zero. She sees adverse feedback loop at work and wishes to avoid the Japanes experience.

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  1. One Response to “Zero”

  2. By Nathaniel on Oct 31, 2008 | Reply

    Taking interest rates to zero did not help the Japanese, it only increased the incentive for the yen carry trade.

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