Trump wants Fed to cut interest rates to zero or below. Here's what it could mean for you.
Thursday, 12 September 2019 (
1 week ago)
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.
Credit: Wochit Business - Published
1 week ago < > Embed
The European Central Bank on Thursday cut its interest rate 10 basis points to a record low of -0.5% and will in November kick off a fresh round of stimulus. Trump tweeted his approval, following a series of attacks on the Fed to cut interest rates to zero or below. Most economists agree that it is a... Preside Trump Wants Negative Interest Rates 00:33
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