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  • TIME

    Negative rates get a second look

    by Paul J. Lim Sep 26, 2016 2 minutes
    Fed Chair Janet Yellen will convene policymakers on Sept. 20 to mull interest rates

    WHILE THE ODDS THAT THE FEDERAL Reserve will hike interest rates soon have fallen recently, so too has the likelihood that it will turn to another unpopular strategy to address the ailing economy: negative rates.

    Negative yields, which are particularly onerous to retirees who live off income from their bonds and cash accounts, flip the idea of interest on its head. Rather than getting paid on deposits, banks, businesses

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