U.S. President Donald Trump holds a coronavirus disease (COVID-19) outbreak response press briefing in the Rose Garden of the White House in Washington, U.S., May 11, 2020. REUTERS/Kevin Lamarque
WASHINGTON (Reuters) – President Donald Trump on Tuesday again pushed the Federal Reserve to adopt negative interest rates, even as several members of the U.S. central bank have said they do not see a need for rates – now near zero – to move into negative territory.
“As long as other countries are receiving the benefits of Negative Rates, the USA should also accept the ‘GIFT’. Big numbers!” he tweeted.
Reporting by Susan Heavey, Editing by Franklin Paul