Fed's Rosengren: It is less likely the Fed moves to negative rates

Feds Rosengren speaking from Oslo

Speaking from Oslo, the Feds Rosengren is responding to questions. He says:

• In the United States context, I think it is less likely moved to negative rates
• The fact that rates are negative in Europe means we have less room to maneuver in the United States
• Rosengren said that if there is a banking problem again, he would advocate shutting off dividend payments and share repurchases