Economics
Kudlow Faults Negative Interest Rates, Contradicting Trump
- ‘It’s not worked,’ Kudlow said of ‘zero and negative rates’
- Trump on Wednesday called for rates of zero or below
This article is for subscribers only.
Terms of Trade is a daily newsletter that untangles a world embroiled in trade wars. Sign up here.
White House Economic Adviser Larry Kudlow criticized Europe’s low and negative interest rates, contradicting his boss, President Donald Trump, who earlier in the week tweeted that the U.S. Federal Reserve should pursue a similar approach by bringing down rates “to ZERO, or less.”