Donate today and your gift will be matched dollar-for-dollar by the American Public Media Board.
The European Central Bank announced a big new stimulus package for the eurozone earlier today. The ECB is restarting its quantitative easing program to buy bonds again, and pushed interest rates even deeper into the negative. The bank cut rates to a record low of -0.5%. The idea is to boost the economy by spurring lending and spending above saving. The move caught the eye of President Trump, who urged the Fed to follow suit. But experts say the conditions in the U.S. don’t warrant negative rates, and they probably wouldn’t do what Trump said he wants: to weaken the dollar to help U.S. exports.
Click the audio player above to hear the full story.
We’re here to help you navigate this changed world and economy.
Our mission at Marketplace is to raise the economic intelligence of the country. It’s a tough task, but it’s never been more important.
In the past year, we’ve seen record unemployment, stimulus bills, and reddit users influencing the stock market. Marketplace helps you understand it all, will fact-based, approachable, and unbiased reporting.
Generous support from listeners and readers is what powers our nonprofit news—and your donation today will help provide this essential service. For just $5/month, you can sustain independent journalism that keeps you and thousands of others informed.
Don’t miss this special