Headline Details

Trump reverses course, seeks negative rates from Fed 'boneheads'

Published on: Wed, 11 Sep 2019 16:03:55 UTC
News Agency: Reuters
Description:
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.

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