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Fed should not go negative

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CNBC’s Jim Cramer said Wednesday that Federal Reserve Chairman Jerome Powell should be cutting interest rates further, but should not go to negative rates as President Donald Trump suggested.

“Negative rates, no. We don’t want negative rates. That’s just a sign that we’re not a robust economy,” said Cramer, reacting to Trump’s early morning tweet, in which the president called the Powell-led Fed “boneheads” and urged central bankers get rates “down to ZERO, or less.”

On “Squawk on the Street,” Cramer jokingly said he would not call Powell and other members of the Fed “boneheads,” but the “Mad Money” did reiterate his criticism of the Fed chief’s reluctance to embrace a more aggressive…



Source cnbc.com

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