Trump again urges Fed to adopt negative U.S. interest rates

By Conor Humphries Posted on May 12, 2020

U.S. President Donald Trump holds press briefing on coronavirus response at the White House in Washington

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)