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From Reuters Wednesday, September 10, 2019
WASHINGTON -- 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.
Trump, in a pair of Twitter posts, said that would save the government money on its debt. He did not address the risks or financial market tensions that central banks in Europe and Japan confront as a result of their negative rate policy, or the larger issue that negative rates have not done much to boost growth or raise inflation as intended.
“It is only the naïvete of (Fed Chairman) Jay Powell and the Federal Reserve that doesn't allow us to do what other countries are already doing," added Trump, who has repeatedly noted that rates are negative in Germany, Europe's trading powerhouse. ...
... For the remainder of the report:
https://www.reuters.com/article/us-usa-trump-...-zero-or-neg... * * *
