Trump slams Federal Reserve again, says shunning negative rates hurts US

The Fed cut interest rates last month for the third time this year to shield the economy from uncertainty over trade and weaker global growth

President Donald Trump renewed his assault against the Federal Reserve, saying it was hurting the US by not copying other central banks in deploying negative interest rates.

“We are actively competing with nations who openly cut interest rates, so now many actually getting paid when they pay off their loan, known as negative interest,” Trump told the Economic Club of New York Tuesday.

“Give me some of that money. I want some of that money. Our Federal Reserve doesn’t let us do it,” Trump said, drawing a laugh from the audience. “It puts us at a competitive disadvantage to other countries.”

The Fed