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BNY Mellon CEO: Low interest rates are 'very, very harmful'

April 28, 2020 19:30 PM UTC
- Updated April 28, 2020 19:31 PM UTC

Gerald Hassell responds to Fed Chair Janet Yellen's recent decision to hold off on increasing interest rates.

Transcript

We have to talk about Federal Reserve chief Janet Yellen and her testimony on Capitol Hill. There is this big debate, as you know, about whether she's doing the right thing and holding off of raising interest rates. Where do you stand in that debate? Well, I have an extreme biased opinion. So for o...

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