US President Trump requests the FRB to introduce negative interest rates 4:13 on May 13
President Trump of the United States called on the Federal Reserve Board, the central bank, to introduce a negative interest rate, as the economy deteriorates due to the new coronavirus.
President Trump posted on Twitter on 12th, "Since other countries are benefiting from negative interest rates, the United States should receive the gift as well."
The Fed has urgently introduced a zero interest rate policy last March to soften the effects of the new coronavirus, but President Trump's statement calls for lowering interest rates to the same negative levels as Japan and Europe. It is a thing.
Negative interest rates are said to have the effect of increasing the utilization of funds because depositing a negative interest rate on the contrary will have an effect of increasing the use of funds, but as of March, Fed Chair Powell said, "In the United States I don't think it will happen, "he said.
The US economy is in serious condition, with the unemployment rate in April hitting the worst 14% level since the start of statistics in 1948, and President Trump intensifies the Fed's pressure to recover the economy. It seems to be a thing.