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Trump reverses course, seeks negative rates from Fed 'boneheads'

Reuters Wednesday, 11 September 2019 ()
Trump reverses course, seeks negative rates from Fed 'boneheads'U.S. President Donald Trump on Wednesday called on the "boneheads" at the Federal Reserve to push interest rates down into negative territory, a move reluctantly used by other world central banks to battle weak economic growth that risks punishing savers and banks' earnings in the process.
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News video: Trump calls for negative interest rates from the Fed

Trump calls for negative interest rates from the Fed 01:51

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...

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