Australia's largest stock trading and investment forum Australia's #1 stock forum

GOLD

0.51%

$1,391.7 gold futures

gold, page-58086

First 58086 Last

Share
Profile

Follow
Skol

33,110 Posts.

1402

01/11/19

10:15

Post #: 41192804
Share

Originally posted by Crom Valen: ↑

Interesting to compare the views of Donald J Trump with those of Donald J Trump.

https://www.reuters.com/article/us-...-change-as-fed-weighs-rate-hike-idUSKCN11B24E

September 6, 2016 / 6:43 AM / 3 years ago
Trump says U.S. interest rates must change as Fed weighs rate hike

Steve Holland

YOUNGSTOWN, OHIO (Reuters) - Republican presidential nominee Donald Trump, who has previously accused the Federal Reserve of keeping interest rates low to help President Barack Obama, said on Monday that the U.S. central bank has created a “false economy” and that interest rates should change.
“They’re keeping the rates down so that everything else doesn’t go down,”Trump said in response to a reporter’s request to address a potential rate hike by the Federal Reserve in September. “We have a very false economy,”he said.
“At some point the rates are going to have to change,” Trump, who was campaigning in Ohio on Monday, added. “The only thing that is strong is the artificial stock market,”he said.

Fed Chair Janet Yellen said last month that the U.S. central bank was getting closer to raising interest rates, possibly as early as September, saying that the Fed sees the economy as close to meeting its goals of maximum employment and stable prices.
The Fed raised interest rates last December for the first time in nearly a decade, and at that time projected four more hikes in 2016. The Fed later scaled back that projection to two rate hikes this year in the wake of a slowdown in global growth and continued financial market volatility.

Trump, during the primary campaign, as he took on 16 Republican rivals, had called Yellen’s tenure “highly political” and said the Fed should raise interest rates but would not do so for “political reasons.”

The Fed has been a target of some conservative critics in the U.S. Congress, who say the bank risked sparking inflation with its easy monetary policies in response to the global financial crisis.
Fed officials say their independence is critical to making sound policy decisions.

Expand

Everyone knows Trump's a turkey. The Federal Reserve have responsibility for monetary policy but Trump reckons he knows better.

The moron's liable to set off a wave of inflation if he gets his way, but he hasn't got the mental capacity to work that out. The US economy's ticking over pretty well and the Federal Reserve said exactly that.

Last edited by Skol: 01/11/19
Upvote

0 Great analysis

Reply

Top Stories

SMI

Gold intercept of 8.6 g/t continues the positive storyline for Santana at NZ's RAS deposit

Earnings wrap Monday Week 34: A2 Milk, Bluescope, Suncorp's climate woes & more

NOX

Noxopharm aims for autoimmune market with first human trial of SOF-SKN

Good habits matters when it comes to finances

PR1

Fourfold skarn increase points the way to viable garnet project, says Pure