The argument for negative interest rates in the US has strengthened, Goldman says

The case for negative interest rates in the US has strengthened, according to a note from Goldman Sachs published on Tuesday. While Fed Chairman Jerome Powell has stuck to his position that negative interest rates are off the table, negative interest rates to help ease financial conditions would be a helpful tool in a prolonged downturn, Goldman said. The UK is the latest country to see the benefit of negative interest rates. The country issued negative yielding debt for the first time ever today. Visit Business Insider’s homepage for more stories.

The case for negative interest