Josh Galper on Dealing with Climate Risk and Its Potential Impact on US Financial Markets
Macro Musings with David Beckworth
00:00
What Are Your Thoughts on Dual Interest Rates?
Josh Galper: When you go negative interest rates, banks are not going to be profitable. But if you can somehow keep a positive spread between funding and lending prices, then you can keep financial firms afloat. He says the bigger problem is that when you get into multiple rates, whatever they may be, I think that that caused a lot of confusion in the market. The Fed does have options yet; it doesn't look great, but they're definitely not.
Transcript
Play full episode
