JPM's Stealey Says Next Recession May Need Negative Rates

The video discusses negative interest rates as a tool for economic slowdowns, highlighting their use by central banks like the ECB since 2014. It explores the benefits, such as lowering the yield curve and weakening the euro, and the drawbacks, including distortions in the financial sector. The discussion also covers the potential future use of negative rates, acknowledging the awareness of their negative consequences.

In what ways can negative interest rates distort the financial sector?

What factors might lead central bankers to reconsider negative interest rates in the future?