President Donald Trump said he is a big believer in negative interest rates and touts its advantages when used with the U.S. dollar against other currencies. At a media availability with Gov. Jared Polis (D-CO) on Wednesday, Trump said being paid to borrow money is something he has been looking for all of his life.
GOV. JARED POLIS (D-CO): Mr. President Chairman Powell today–Chairman Powell said today both that he wasn’t interested in bringing interest rates negative and that he saw a need for additional stimulus from Congress. I know that you have said that we can wait and see on the stimulus and then you–you want negative rate so I was wondering your reaction. TRUMP: Well, I am a believer in negative rates only if other countries that are competitors look, Germany, they are an ally, they are friends of ours but they are still competitors on trade and other things so Germany, Japan, others have negative rates and I think if they do we–we are the most prime of the world. You know it’s based many countries based on the dollar, the dollar is by far the strongest most powerful currency in the world. We have made it more powerful, we have made it stronger and certainly if they are going to have the advantage of negative rates we should too. I feel strongly we should have negative rates. Negative rates is basically where they pay you interest if you borrow money. This is a new one. I have been looking for something like that all of my life, that is a pretty good one but certainly if other countries are going to be paid for putting out money I mean think of it they are borrowing money and instead of paying interest they are getting paid. It is the craziest thing but you know what other countries are doing it look at Germany, look at Japan, look at others and we are the most prime in the world right now and we have the currency and we have the power of the dollar. So I know that the Chairman has and he’s done a very good job over the last couple of months I have to tell you that because I have been critical but in many ways I call him my MIP. Do know what an MIP is? Most improved player. It’s called the most improved player award. Did you ever get one of them when you were playing baseball, Cory? Good baseball player?