Donald Trump says Fed keeping rates low because of pressure from Barack Obama

By: |
Washington | September 12, 2016 6:26 PM

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.

In a statement, the Donald Trump Campaign said the USD 90 million haul came mostly from small donors and includes a significant contribution from the 70-year-old -- bringing his overall contributions to the campaign to almost USD 60 million dollars. (AP)Republican Presidential nominee Donald Trump. (Source: AP)

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.”

Get live Stock Prices from BSE, NSE, US Market and latest NAV, portfolio of Mutual Funds, Check out latest IPO News, Best Performing IPOs, calculate your tax by Income Tax Calculator, know market’s Top Gainers, Top Losers & Best Equity Funds. Like us on Facebook and follow us on Twitter.

Financial Express is now on Telegram. Click here to join our channel and stay updated with the latest Biz news and updates.

Next Stories
1Myanmar junta pardons prisoners, to attend regional summit
2No substitute for face-to-face discussions: Biden after meeting with Japanese PM Suga
3China to build more bio labs amidst questions over Wuhan lab’s role in COVID-19 origin