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Preside Trump Wants Negative Interest Rates

Video Credit: Wochit Business - Duration: 00:33s - Published
Preside Trump Wants Negative Interest Rates

Preside Trump Wants Negative Interest Rates

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 highly unlikely scenario in the US, but Europe has had negative interest rates since 2016.

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