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Trump wants Fed to cut interest rates to zero or below. Here's what it could mean for you.

USATODAY.com Thursday, 12 September 2019 ()
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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News video: Preside Trump Wants Negative Interest Rates

Preside Trump Wants Negative Interest Rates 00:33

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...

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