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Wed 6 Nov 2019 12:26 PM

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Video: What would negative interest rates mean for consumers and the economy?

President Donald Trump is a big fan of low interest rates. In fact, he's called on the US Federal Reserve to take rates into negative territory, just like Germany or Japan.

In theory, the banks would pay you to borrow money. But savers would also have to pay a bank to keep their money there. So why would President Trump or a central bank want negative rates?

(Souerce: CNBC YouTube channel)