Bad policy - but the feds are following agent orange's lead.
Trump wants Fed to cut interest rates to zero or below. Here's what it could mean for you.https://www.usatoday.com/story/money/2019/09/12/interest-rates-what-zero-negative-rates-would-mean-you/2293676001/
When might the Fed reduce its benchmark rate to around zero?
The central bank almost certainly would not take such a step in the short term. Fed Chairman Jerome Powell has said the U.S. economy is performing well and the Fed’s key rate is well above zero at a range of 2% to 2.25%. But Powell and other Fed officials are worried about risks that could derail the record 10-year-old economic expansion, such as Trump’s trade war with China and a slowdown in global growth.
As a result, the Fed is expected to continue to gradually trim the rate to spur more borrowing and economic activity, with markets expecting five more quarter-point cuts by early 2021, according to Bank of America Merrill Lynch. That would leave just three more decreases to get to zero, suggesting it could happen in 2021.