Trump says ‘American worker’ is top priority – but economists are skeptical
By Martha C. White
President Donald Trump addressed an audience of the global business elite in Davos on Tuesday to make the case that ordinary Americans have been the chief beneficiaries of his administration’s “America first” maxim. …In reality, negative rates would serve to further erode the financial stability of ordinary Americans, said Karen Shaw Petrou, managing partner of consulting firm Federal Financial Analytics. “We know that they also destroy household savings and long-term retirement security,” she said. “It’s a move that supports stock markets, not personal savings.”