Trump says Fed should cut interest rates to zero 'or less'
President Donald Trump on Wednesday made his first comment seemingly in support of negative interest rates, tweeting that the Fed should cut interest rates to "zero or less." He also tweeted, without clarification, that "we should then start to refinance our debt," which is seemingly an instruction to Treasury Secretary Steven Mnuchin, "while at the same time substantially lengthening the term." The Fed currently targets the federal funds rate between 2% and 2.25%, with market expectations of further reductions next week.
Published:9/11/2019 6:02:17 AM