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What Would Negative Interest Rates Mean For Consumers And The Economy?
Posted
November 1, 2019
Views
1,505,565
Likes
14,303
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2,730
Engagement
1.13%
November 1, 2019
1,505,565
14,303
2,730
1.13%
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President Donald Trump is a big fan of low interest rates. In fact, he’s called on the U.S. Federal Reserve to take rates into negative territory, just like Germany or Japan. In theory, the banks would pay you to borrow money. But savers would also have to pay a bank to keep their money there. So why would President Trump or a central bank want negative rates?
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What Would Negative Interest Rates Mean For Consumers And The Economy?
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