Good news from new U.S. President starts to come out. First time I hear a Head of State agree with me that Central Banks’ zero-interest rate policies are a disaster for the economy and for income distribution. Amazing that we hear this from a Republican and never from Hillary. This is directly from the FT: “Mr Trump’s advisers have suggested the Fed’s ultra-stimulative policies are unfair by penalising savers and have led to unequal implications for different segments of society. During the campaign Mr Trump was ferociously critical of Janet Yellen, the Fed chair, for her low-rates policies, but she is not expected to resign before her term expires in 2018”
To read more about zero intereste rate policy, please click here.
Photo from tradingeconomics.com