He added, "Janet Yellen is highly political and she's not raising rates for a very specific reason: because Obama told her not to because he wants to be out playing golf in a year from now and he wants to be doing other things and he doesn't want to see a big bubble burst during his administration." Obama is due to leave office in January 2017.
The Republican presidential nominee, Donald Trump, who has previously accused the Federal Reserve of keeping interest rates low to help Barack Obama, said on Monday that the US central bank had created a “false economy” and that interest rates should change. His Democratic rival, Hillary Clinton, seized on the remarks as proof that Trump is not presidential.
“They’re keeping the rates down so that everything else doesn’t go down,” Trump said in response to a reporter’s request to address a potential rate hike by the Federal Reserve in September. “We have a very false economy,” he said.
Janet Yellen: the case for an interest rate hike in 2016 has 'strengthened' “At some point the rates are going to have to change,” Trump, who was campaigning in Ohio on Monday, added. “The only thing that is strong is the artificial stock market.”
Third shit post: I also remember many of you here echoing the quantitative easing and artificial stock market comments. Why are you not bitching about Trump now whining about fed not lowering rates.
The fed had been afraid to raise rates under Obama, because his shit economy didn't recover as expected. I'd respect Trump more if he just pointed that out. Oh well, dems will run a retard again and I will probably vote Trump again.
Of course, you were for QE when Obama was President but are against it now. Smart people think interest rates should be set by supply and demand like any other price should be.
The fed had been afraid to raise rates under Obama, because his shit economy didn't recover as expected. I'd respect Trump more if he just pointed that out. Oh well, dems will run a retard again and I will probably vote Trump again.
Of course, you were for QE when Obama was President but are against it now. Smart people think interest rates should be set by supply and demand like any other price should be.
To be fair. Interest rates are set by supply and demand. All the Fed changes is the rate at which banks borrow from the Fed.
Comments
He added, "Janet Yellen is highly political and she's not raising rates for a very specific reason: because Obama told her not to because he wants to be out playing golf in a year from now and he wants to be doing other things and he doesn't want to see a big bubble burst during his administration." Obama is due to leave office in January 2017.
https://www.reuters.com/article/us-usa-election-trump-fed/trump-accuses-fed-of-keeping-rates-low-to-help-obama-idUSKCN0SS22A20151103
“They’re keeping the rates down so that everything else doesn’t go down,” Trump said in response to a reporter’s request to address a potential rate hike by the Federal Reserve in September. “We have a very false economy,” he said.
Janet Yellen: the case for an interest rate hike in 2016 has 'strengthened'
“At some point the rates are going to have to change,” Trump, who was campaigning in Ohio on Monday, added. “The only thing that is strong is the artificial stock market.”
https://www.theguardian.com/business/2016/sep/06/trump-us-federal-reserve-false-economy-interest-rates
Of course, you were for QE when Obama was President but are against it now. Smart people think interest rates should be set by supply and demand like any other price should be.
I am currently in a bar.