Thursday, May 5, 2016

Trump in Favor of Federal Reserve Low Interest Rate Policy

During an interview this morning on CNBC, Donald Trump said he would likely get rid of Federal Reserve chair Janet Yellen after her current term expires (because she is not a Republican), but said he was not against the Fed's current low-interest rate policy. 

From the interview:
I have nothing against Janet Yellen whatsoever. I think she’s been doing her job, and I have absolutely nothing against her. I don’t know her. She’s a very capable person. People that I know have a very high regard for her.
But she’s not a Republican. She's not a person—when her time is up, I would most likely replace her because of the fact that I think it would be appropriate. She’s a low interest-rate person, she’s always been a low interest-rate person. And I must be honest, I’m a low interest rate person. If we raise interest rates, and if the dollar starts getting too strong, we’re going to have some very major problems.

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