Headline Details

Trump reverses course, seeks negative interest rates for U.S. debt

Published on: Wed, 11 Sep 2019 13:29:54 UTC
News Agency: Reuters
Description:
U.S. President Donald Trump called on the Federal Reserve 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.

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