UPDATE 4-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.
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.
Posted by Reuters
