Addressing a webinar organised by the Peterson Institute for International Economics, Federal Reserve chair Jerome Powell expressed his reluctance to implement negative interest rates, stating that they are not something the central bank is looking at (despite Trump's recent urging that the Fed do exactly that). If that weren't enough of a blow to stimulus-hungry US investors, Powell warned that the country is facing a 'prolonged recession' that could cause 'lasting harm', highlighting that the 'jobs gains of the past decade' have been erased in a matter of weeks. Eventually, Fed chose not to take the negative interest rate policy. #NegativeFedInterestRate# #Fed# #Fedcuts#