If the Fed takes interest rates negative, it will do so in spectacular fashion and avoid 'dipping a policy rate toe' below zero, Standard Chartered said

· Standard Chartered said if the Fed were to introduce negative interest rates, it would have to be at least -0.5% or -1%, in what the bank called a "Hail Mary" move.
· "No one likes trying a 'Hail Mary' from midfield as the clock ticks down when you are losing, but you kick the ball a long way in that situation," Standard...