Republican presidential nominee Donald Trump said on Monday that U.S. Federal Reserve Chair Janet Yellen was keeping interest rates low because of political pressure from the Obama administration.
“Well, it’s staying at zero because she’s obviously political and she’s doing what Obama wants her to do,” Trump told CNBC in a phone interview.
“And I know that’s not supposed to be the way it is. As soon as they go up, the stock market’s going down. … I believe it’s a false market because money is essentially free.”