As a lifelong real estate investor whose businesses relied on debt and interest rates, President Donald Trump might be expected to know better: The 1% rate he keeps demanding from the US Federal Reserve is impractical and would likely backfire, according to analysts.
A policy rate slashed that low, from its current range of 3.75% to 4%, would likely touch off massive dislocation in the global financial system and end up with the US government paying more to borrow than it does now in bond markets.
