, Columnist
We're Sensing Some Negativity About Sub-Zero Rates
The evidence is growing that they make it harder for financial markets and modern economies to operate.
Scandinavia blazes a trail, into the wilderness.
Photographer: CHRISTOF STACHE/AFP/Getty Images
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What is so bad about negative interest rates? We know that President Donald Trump would like to see them in the U.S., and is angry with the Federal Reserve for not cutting rates below zero. Plenty of other central banks have of course done so.