I don't see how if they( the ECB) do more easing, which means - deeper negative rates - I don't know how that transmission( works) in the economy. Chief Executive Larry Fink More Quotes by Chief Executive Larry Fink More Quotes From Chief Executive Larry Fink It makes sense in the U.S. economy, it makes much less sense in economies where most of the pool of assets of individuals are sitting in a bank account. I see negative impact. That is why I've always questioned monetary policy without a large, I would say, equity culture. That's really what's happened in Japan and in Europe. Chief Executive Larry Fink business Unfortunately, the only name in town is the ECB, they're trying to do whatever they can do to do it. I think now with all the negative rates, and with 82 % of savings in a bank account, I just don't see how that transmission works as well as lowering rates in the United States. Chief Executive Larry Fink business
