The head of the Federal Reserve said Wednesday the U.S. central bank is not considering using negative interest rates, despite President Donald Trump seemingly pushing for them. "As long as other countries are receiving the benefits of Negative Rates, the USA should also accept the 'GIFT'," Trump tweeted. As long as other countries are receiving the benefits of Negative Rates, the USA should also accept the “GIFT”. —@realDonaldTrumpThe president has long criticized his central bank chief for keeping interest rates higher than Trump would like them to be. He was asked by reporters afterward whether or not the bank was considering negative interest rates.

Source: CBC News May 13, 2020 14:48 UTC