South Dakota Senator Mike Rounds was among a group of Senators that met with Federal Reserve Board Chair Janet Yellen this week. She oversees the board that sets fiscal policy for the country.
Rounds says he questioned Yellen about her comments that negative interest rates may have to be considered…
That would be a case where customers basically pay rent to a bank to hold their money. Rounds says he gave Yellen a chance to clarify her remarks…
Large insurance companies are also regulated by the Fed. Rounds says there are questions about the regulations being imposed on those companies…
Rounds says he is concerned about the fiscal direction the Fed is setting.