Trump wants Fed to cut interest rates to 'zero, or less'
Wednesday, 11 September 2019 (
1 week ago)
Trump has publicly berated Fed chair Jerome Powell and the central bank for failing to loosen monetary policy fast enough. ......
Credit: Reuters - Politics - Published
1 week ago < > Embed
U.S. President Donald Trump attacked the Federal Reserve on Wednesday in a call to push down interest rates into negative territory, a move reluctantly used by other world central banks to battle weak economic growth as it punishes savers and banks’ earnings in the process. Conway G. Gittens... Trump calls for negative interest rates from the Fed 01:51
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Trump wants Fed to cut interest rates to zero or below. Here's what it could mean for you. Trump wants the Federal Reserve to lower interest rates to zero or below. That could mean lower borrowing costs but also meager bank savings rates.
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