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It's hard to imagine being paid to borrow money or penalized for saving. But the economic shock from Covid-19 may call for drastic measures.Up until this point, the Federal Reserve has never brought its benchmark rate into negative territory and, according to Federal Reserve Chairman Jerome Powell, the Fed is not considering going to negative interest rates now. "The committee's view…

Alex Wong/Getty The Federal Reserve remains averse to negative interest rates despite the gloomy economic backdrop, Chairman Jerome Powell said Wednesday. The US economic trajectory is still "highly uncertain and subject to significant downside risks," and additional aid is likely necessary stage a recovery, Powell added in a videoconference with the Peterson Institute for International…

As the coronavirus pandemic saps demand for oil throughout the United States, crude oil prices dropped 306 percent on Monday to -$37.63 per gallon, its lowest level since 1983, but don't expect to see that at the pump."At this point, it doesn't look like gasoline will be mirroring the unprecedented drop in the WTI crude oil…