Washington • President Donald Trump on Wednesday urged that the Federal Reserve cut interest rates to zero or even usher in negative rates, suggesting a last-ditch monetary policy tactic tested abroad but never in America.
His comments came just one day before European policymakers are widely expected to cut a key rate further into negative territory.
In a series of tweets, Trump said that “The Federal Reserve should get our interest rates down to ZERO, or less, and we should then start to refinance our debt,” adding that “the USA should always be paying the the lowest rate.