August 30, 2019 / 10:29 PM / 21 days ago

Trump says he is not pining for negative interest rates in U.S.

FILE PHOTO: U.S. President Donald Trump speaks at an event to officially launch the United States Space Command in the Rose Garden of the White House in Washington, U.S., August 29, 2019. REUTERS/Leah Millis

WASHINGTON (Reuters) - U.S. President Donald Trump, who has decried the relative loftiness of U.S. interest rates compared to rates in nations that compete with the United States in global markets, said on Friday he did not want to see negative rates in the United States.

Trump, who has repeatedly noted that rates are negative in Germany - Europe’s trading powerhouse - made the comment in response to a question from reporters as he departed the White House for the presidential retreat of Camp David in Maryland.

Reporting by Jeff Mason; Writing by Tim Ahmann; Editing by Chris Reese

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