President Donald Trump says he "loves" the idea of negative rates, but Fed Chair Jerome Powell disagrees.
Trump demands a bigger slice just a day after the Federal Reserve cut interest rates.
The gross domestic product grew by less than 2% for the second quarter in a year.
The Fed has been cutting short-term interest rates in a bid to shore up the economy amid the costly impact from the U.S.-China trade war.
There's more to lose than you might think.
The Fed’s move will reduce its benchmark rate — which influences many consumer and business loans — by an additional quarter-point to a range of 1.75% to 2%.
A full percentage cut would reportedly save the president $3 million annually in interest payments.
The freshman lawmaker from New York says if they want to follow the Bible, they can start by backing her bill.
“When banks charge higher and higher interest rates,” said Rep. Ocasio-Cortez, “essentially your credit card becomes a payday loan.”
A certificate of deposit could be the answer to earning higher interest on your savings.