Yet economists are divided over whether negative interest rates have done more harm than good in Japan and Europe. Pushing for negative interest rates threatens to undercut Trump's efforts to instill confidence in the economy. Savers and banks aren't fans of negative ratesAmerica's powerful banking industry would oppose negative interest rates because such a policy would hammer already razor-thin profit margins. Negative rates would also be unpopular among senior citizens, a core constituency whose support Trump needs to win reelection. 'They can't print jobs'Another risk is that the Fed could find it hard to escape negative interest rates.

Source: CNN May 15, 2020 11:03 UTC