This is definitely something the FED would do. Hopefully, if Trump is elected, there will be some major renovations.
It’s no secret that Donald Trump is unhappy with the Federal Reserve and the person who heads it: Janet Yellen.
Now Trump is blaming the Fed for creating a “false economy” with its emphasis on extremely low interest rates.
“They’re keeping rates down because they don’t want everything else to go down,” the Republican presidential nominee told Reuters on Monday.
Trump said the “only thing that is strong is the artificial stock market.”
It’s the latest example of Trump doubting the bull market in stocks and criticizing the Federal Reserve, an institution that tries hard to avoid being seen as having political motivations.
Trump has previously accused the Fed and Yellen of keeping rates low to help President Obama’s poll numbers. Obama nominated Yellen as the central bank’s first female chair in October 2013.
“We have a very false economy,” Trump told Reuters. “At some point the rates are going to have to change.”