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

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

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.

By: | Washington | Published: September 12, 2016 6:26 PM
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.”

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