Trump insists on the introduction of a negative rate for support for the economy, the Fed is against
US President Donald Trump is confident that the key rate in the States should be reduced to a negative level. He talked about this yesterday reiterated during an interview with reporters. However, the Federal the backup system does not share this belief. Moreover, its CEO Jerome Powell expressed concern about the future economy amid the pandemic, which on Thursday triggered a decline in stock exchanges - major stock indices closed down 1 - 2%. The continuation of the coronavirus crisis will cause significant damage to various sectors of the economy, including, production, he warned. Earlier Trump made a call for negative rates on Tuesday, citing examples of other countries in which this the tool is in use. In his opinion, this is necessary for maintaining the economy in the current environment. Commenting on it statements, Powell said that the department has not changed its opinions on this issue and similar measures will not be taken. Is that the regulator will not reconsider its decision at the next meeting, almost all analysts are confident - according to CME Group, their share exceeds 99%. US President Donald Trump is confident that the key rate in the States should be reduced to a negative level. He talked about this yesterday reiterated during an interview with reporters. However, the Federal the backup system does not share this belief. Moreover, its CEO Jerome Powell expressed concern about the future economy amid the pandemic, which on Thursday triggered a decline in stock exchanges - major stock indices closed down 1 - 2%. The continuation of the coronavirus crisis will cause significant damage to various sectors of the economy, including, production, he warned. Earlier Trump made a call for negative rates on Tuesday, citing examples of other countries in which this the tool is in use. In his opinion, this is necessary for maintaining the economy in the current environment. Commenting on it statements, Powell said that the department has not changed its opinions on this issue and similar measures will not be taken. Is that the regulator will not reconsider its decision at the next meeting, almost all analysts are confident - according to CME Group, their share exceeds 99%.