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Wall Street: Trump's Negative Rates Unjustified, Extreme

Newsmax Wednesday, 11 September 2019
U.S. President Donald Trump's pining for negative rates was widely panned on Wall Street where strategists and traders said such a move would be unjustified and extreme, and not advisable based on the experience in other countries.
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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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