Business > U.S.

Trump reverses course, seeks negative interest rates for U.S. debt

7 days ago   |   By Reuters

U.S. President Donald Trump called on the Federal Reserve to push down interest rates into negative territory, a move reluctantly used by other world central banks to battle weak economic growth as it punishes savers and banks' earnings in the process.
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Trump says Fed 'boneheads' should cut interest rates to zero 'or less,' US should refinance debt

7 days ago   |   By CNBC

President Donald Trump on Wednesday continued his verbal assault on the Federal Reserve, who he blames for slowing the economy.
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Trump calls Fed officials 'Boneheads' as he demands zero or negative interest rates

Trump calls Fed officials 'Boneheads' as he demands zero or negative interest rates

7 days ago   |   By Business Insider

Trump said Wednesday interest rates should be zero or negative and that the US should refinance its more than $22 trillion in debt.
The central bank has increasingly become a target of verbal assaults out of the White House ahead of the 2020 elections.
Policymakers are highly unlikely to cut to the extent Trump wants. The Federal Reserve operates independent from political influence.
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President Donald Trump lambasted the independent Federal Reserve early Wednesday, saying interest rates should be zero or negative and that the US should...
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Trashing Fed 'Boneheads,' Trump calls for central bank to cut interest rates to 'ZERO'

Trashing Fed 'Boneheads,' Trump calls for central bank to cut interest rates to 'ZERO'

8 days ago   |   By Politico

President Donald Trump on Wednesday called on the Federal Reserve to slash U.S. interest rates “down to ZERO,” admonishing chairman Jerome Powell and other leaders of the U.S. central bank as “Boneheads.” “The Federal Reserve should get our interest rates down to ZERO, or less, and we should then start to refinance our debt,” Trump tweeted. “INTEREST COST COULD BE BROUGHT WAY DOWN, while at the same time substantially lengthening the term. We have the great currency, power, and balance sheet.” The morning message marked the first time the president has publicly suggested negative interest...
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Trump urges zero or negative interest rates to tackle U.S. debt

8 days ago   |   By Reuters

U.S. President Donald Trump on Wednesday said the Federal Reserve should lower U.S. interest rates to "zero or less" to help "refinance our debt" with lower interest costs and a longer term, and blamed the central bank's chief for missing a "once in a lifetime opportunity."
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Trump calls for zero, negative interest rates to refinance debt

8 days ago   |   By National Post

WASHINGTON - U.S. President Donald Trump on Wednesday said the Federal Reserve should lower U.S. interest rates to "zero or less" to help "refinance our debt" with lower interest costs and a longer term, and blamed the U.S. central bank's chief for missing "A once in a lifetime opportunity."
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Trump reportedly praised the clean-cut look of his new National Security...

Trump reportedly praised the clean-cut look of his new National Security Adviser, after complaining about predecessor John Bolton's bushy mustache

President Trump has enthused about the well-tailored appearance of his new national security adviser, Robert C. O'Brien, The New York Times reported. The president had... Read more ...

'He has to answer for it': Canadian politicians pile on Justin Trudeau over...

'He has to answer for it': Canadian politicians pile on Justin Trudeau over his 'brownface' Aladdin outfit from 2001

Politicians in Canada condemned Prime Minister Justin Trudeau on Wednesday after the publication of a photograph showing him wearing brownface make-up in 2001. The photograph... Read more ...

Trump signed his $147-million replacement border wall with a Sharpie

Trump signed his $147-million replacement border wall with a Sharpie

President Donald Trump visited the $147-million border wall replacement project in Otay Mesa, California, on Wednesday, and called it "amazing." While no new border wall has... Read more ...

Stocks finished mixed as the Fed remains divided over further rate cuts

Stocks finished mixed as the Fed remains divided over further rate cuts

Stocks finished mixed on Wednesday after the Federal Reserve delivered a highly anticipated cut to its benchmark interest rate. US indexes sank further into negative territory... Read more ...

Sandy Hook parents made a chilling back-to-school video that shows the...

Sandy Hook parents made a chilling back-to-school video that shows the horrifying reality of school shootings

The Sandy Hook Promise , a nonprofit founded by families of those whose loved ones were killed in the Sandy Hook Elementary School shooting in 2012, released a back-to-school... Read more ...

A Pennsylvania man used a drone to drop explosives on his ex-girlfriend's...

A Pennsylvania man used a drone to drop explosives on his ex-girlfriend's house, prosecutors say

Prosecutors have accused a Pennsylvania business owner, of strapping improvised explosives to a drone and flying it over his ex-girlfriend's house. Jason Muzzicato, a Bangor... Read more ...

No, the UFOs or 'unidentified aerial phenomena' in those grainy Navy videos...

No, the UFOs or 'unidentified aerial phenomena' in those grainy Navy videos probably aren't aliens

A group of videos, including one published by The New York Times in 2017 , shows US Navy pilots baffled by mysterious objects in the sky. The Navy has confirmed that the... Read more ...

'Bond King' Jeff Gundlach says the Fed may start expanding its balance sheet...

'Bond King' Jeff Gundlach says the Fed may start expanding its balance sheet after injecting $128 billion into markets

Jeffrey Gundlach said that the Federal Reserve may look to expand its balance sheet after a spike in overnight purchase agreements that prompted the Fed to put $128 billion... Read more ...

A divided Fed cuts key rate for 2nd time this year

A divided Fed cuts key rate for 2nd time this year

The Fed's key rate influences many consumer and business loans. Read more ...

View from the top: Inside the Billionaire's Row skyscraper that just became...

View from the top: Inside the Billionaire's Row skyscraper that just became the tallest residential building in the world at 1,550 feet

Central Park Tower , a luxury residential skyscraper on Billionaires' Row in New York City , has officially reached its full height of 1,550 feet. That makes it the tallest... Read more ...