Tuesday, President Trump said the US should receive the “gift” of negative interest rates, after 3 Fed officials signaled the central bank is not keen on idea.
President Trump has expressed his desire for the US to pay negative interest on its debt.
“As long as other countries are receiving the benefits of Negative Rates, the USA should also accept the ‘GIFT’. Big numbers!” he Tweeted.
“At best, we would have to study it more, but I do not anticipate that being a tool we would be using in the US,” Federal Reserve Bank of Chicago President Charles Evans said.
St. Louis Fed President James Bullard repeated his skepticism, noting the strategy had a mixed track record and “it is not a good solution for the US” And the Dallas Fed’s Robert Kaplan said he would be against negative rates.
Making and Keeping America Great!
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