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Trump: Yellen Should be ASHAMED

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Lobo
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Trump: Yellen Should be ASHAMED

Post by Lobo on Mon 12 Sep 2016, 2:51 pm

Trump: Yellen Should be ASHAMED
Submitted by IWB, on September 12th, 2016

  • inSha

GOP presidential nominee Donald Trump told CNBC on Monday theFederal Reserve is doing what President Barack Obama wants by keeping interest rates low.
Fed Chair Janet Yellen and central bank policymakers are very political, and Yellen should be “ashamed” of what she’s doing to the country, Trump said, adding the Fed is not even close to being independent.
By keeping interest rates low, the Fed has created a “false stock market,” Trump argued in a wide-ranging interview in which he also talked about Democratic nominee Hillary Clinton’s health problems.
Trump said rates are being kept lower to bolster Obama’s legacy. “Any increase at all will be a very, very small increase because they want to keep the market up so Obama goes out and let the new guy … raise interest rates … and watch what happens in the stock market.”

http://www.cnbc.com/2016/09/12/trump-says-fed-chief-yellen-should-be-ashamed.html

    Current date/time is Wed 22 Feb 2017, 12:08 am