Taking interest rates to zero is not a good idea. Here’s why

Taking interest rates to zero is not a good idea. Here’s why

Once again President Trump berated the Federal Reserve via Twitter on Wednesday, this time calling for the central bank to immediately cut interest rates to zero.
The president said this would offset the effects of the monetary stimulus being pursued by other central banks and allow the federal government to refinance its outstanding debt at lower rates.
He has been very clear in his belief that…

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