Donald J. Trump slams Federal Reserve
by Flint: Donald Trump
The market dipped hard after a massive jobs report, yet President Trump is slamming the Federal Reserve for even thinking about hiking rates. He claims critics are just waiting to shut down any real success because they hate seeing things work. Donald J. Trump realDonaldTrump warned that whenever performance is good, certain people rush to stop this Great Upward Momentum immediately. GROWTH DOES NOT CAUSE
Transcript (en)
We would really like to see interest rates come down. You know, in the old days with interest rates, many of you are too young to know this, but when we announced good numbers, interest rates would go down. And the theory was because the asset value became so good, it became so prime. But now when we announce good numbers, which we're doing all the time, they keep driving the interest rates up because they're so afraid of inflation. And they shouldn't be. They should allow interest rates to go down. When you announce good numbers, you shouldn't drive them up. They keep thinking that we'll drive them up to stop inflation because success and growth does not cause inflation. Other things cause inflation. We inherited the number one inflation ever in the history of our country from Biden, and it lifted prices and everything else, and we're getting them all down.
