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Trump, "(Fed Chair) Yellen should be ashamed." regarding Federal Reserve and interest rates
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Time for some policy-related news
GOP presidential nominee Donald Trump told CNBC on Monday the Federal 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. http://www.cnbc.com/2016/09/12/trump-say...hamed.html Glad to see Trump addressing the issue of the Fed keeping interest rates artificially low to prop up the market. Trump also mentioned previously of his desire to audit the Fed, a popular desire pushed by Ron and Rand Paul: "I think the members of the secret society of the Federal Reserve will love Hillary," Paul said. "Because you're not allowed to say anything. And yet, as you know, I consider the Federal Reserve and the monetizing of debt as being very important. Because I think the next step that we have, not only the desire to know what the Fed is doing --And Donald Trump wants to audit the Fed-- I think the connection has to be known that the deficit can dealt with by the Federal Reserve, they just have to be prohibited from monetizing debt." The Fed must be held responsible for their irresponsible behavior regarding interest rates. It has obviously become a partisan political organization benefiting only large banks and wall-street. Something has to be done or its going to continue to get worse and lead to a potentially catastrophic crash. We show less advertisements to registered users. Accounts are free; join today!
Yellen keeps hinting at a rate hike, but I don't see one happening this year. Hiking rates now in September just before the election would be perceived as a bad thing for the democrats. Hiking rates in December won't happen because it would ruin the perceived "legacy" of Obama.
There are 10 kinds of people in this world. Those who understand binary and those who don't. |
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