“I think she’s done a serviceable job,” Trump tells Fortune when speaking about Federal reserve Chair Janet Yellen. “I don’t want to comment on reappointment, but I would be more inclined to put other people in.”
He also that he would “absolutely” support proposals that would take power away from the Fed, and allow Congress to audit the U.S. central bank’s decision making.
But he said, "The best thing we have going for us is that interest rates are so low. There are lots of good things that could be done that aren’t being done, amazingly.”
“People think the Fed should be raising interest rates,” says Trump. “If rates are 3% or 4% or whatever, you start adding that kind of number to an already reasonably crippled economy in terms of what we produce, that number is a very scary number.”
Trump says he would like to take advantage of lower interest rates in order to refinance the debt and spend more money to rebuild the military and the country’s infrastructure, according to Fortune.
Trump no longer wants to pay down all the debt. He told Fortune:
You could pay off a percentage of it, depending on how aggressive you want to be. I’d rather not be all that aggressive. I’d rather not have debt but we’re stuck with it. If I had a choice of taking over debt free or having $19 trillion – which by the way is going up to $21 trillion very soon because of the omnibus budget, which is a disaster. If I had my choice I’ll take no debt every time.Trump showed more of his true colors in this intervies. He is economically clueless, far beyond his protectionist views. And continues to see himself as the man in charge during a Trump presidency who will centrally plan all problems, rather than moving in the direction of free markets and limited government.
A very scary guy. He's really a socialist.