Dollar demands a gift
The Fed’s rate cut below zero could be a real gift for the US economy
Everything has a price to pay. If the Fed claims there are necessary extra tax deductions to decrease the unemployment rate from its potential peak at 20% to 9%-10%, then it could give a gift to the US economy and lower the federal funds rate below zero. President Donald Trump said the US economy deserves such a gift, and the market is more responsive to his comments than to the announcement of the FOMC officials about the harm of negative interest rates.
The cure can…<br /><p>Read full author’s opinion and review in blog of #LiteForex</p>
Leave a Comment