Trump urges zero or negative interest rates to tackle U.S. debt
Wednesday, 11 September 2019 () U.S. President Donald Trump on Wednesday said the Federal Reserve should lower U.S. interest rates to "zero or less" to help "refinance our debt" with lower interest costs and a longer term, and blamed the central bank's chief for missing a "once in a lifetime opportunity."
Interest rates in the US keep falling, and some leading economists, including former Fed Chair Alan Greenspan, have said we could see negative interest rates in the future. 10News Reporter Jared Aarons spoke with local economists about what that would mean for your bank account.
NEW YORK (Reuters) - The U.S. Federal Reserve cut interest rates by a quarter of a percentage point for the second time this year on Wednesday in a widely expected move meant to sustain a decade-long..