White House adviser Kevin Hassett said on Friday that the Trump administration would support the Federal Reserve’s decision if it wanted to introduce negative interest rates in response to the coronavirus crisis. “If the Fed did decide to have negative interest rates, we will support it,” Hassett stated. However, he noted the White House doesn’t want to advise the central bank what to do. “We respect the Fed independence,” the official insisted. The Fed lowered interest rates to the 0.00-0.25% amid the pandemic but stressed it doesn’t intend to cut rates further. However, some traders noted they expect the central bank to resort to negative rates next year. Nick Note: As we have long predicted the US will have double digit NEGATIVE interest rates. Its a guaranteed event. The deficit has gone from a trillion dollars to 6 trillion with no end in sight. It will get ugly. But first long rates will soar. It takes a certain finesse to trade our beloved ZEROES…….