Wednesday, November 4, 2015

At new book launch, Trump accuses Janet Yellen of keeping interest rates low to protect Obama's reputation

Donald Trump, quoted here by AP/Obama:

'"In my opinion Janet Yellen is highly political and she's not raising the rates for a very specific reason: because Obama told her not to," Trump said. "Because he wants to be out playing golf in a year from now, and he wants to be doing other things and he doesn't want to see a big bubble burst during his administration." ...

'The central bank decided in October to keep its key short-term interest rate at a record low in light of a weak global economy and slower U.S. hiring.'