UPDATE 2-Fed chief Powell pushes back on negative interest rates
U.S. Federal Reserve Chair
Jerome Powell on Wednesday pushed back against a favorite
talking point of President Donald Trump’s, telling Congress that
the negative interest rates sought by Trump aren’t appropriate
for a U.S. economy with ongoing growth, a strong labor market
and steady inflation.
Jerome Powell on Wednesday pushed back against a favorite
talking point of President Donald Trump’s, telling Congress that
the negative interest rates sought by Trump aren’t appropriate
for a U.S. economy with ongoing growth, a strong labor market
and steady inflation.
Posted by Reuters
