Okay here's a finance question: I just saw an article where economists are panicking that we couldn't lower interest rates 5 points if there was a recession, as is I guess typical, because we're at 2% now. Why not? Why couldn't we lower rates to -3%?
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I thought that the Fed rate is what banks borrow at from the Fed? So they could still mark up the loans to customers?
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Right, people who talk about negative interest rates talk about doing it in a way where the interest rates for customers can still be positive
End of conversation
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