Republican presidential nominee Donald Trump says he thinks the Federal Reserve will keep U.S. interest rates low throughout 2016, perhaps without any increase at all. Rough Cut (no reporter narration).
Trump: “Extremely political” Fed will keep rates low this year
ROUGH CUT (NO REPORTER NARRATION).
STORY: Republican presidential nominee Donald Trump predicted on Thursday that the Federal Reserve will keep U.S. interest rates low throughout the rest of this year, perhaps even without an increase at all.
Answering questions at the New York Economic Club after delivering a speech, Trump criticized the Fed board, saying it has become more political with President Barack Obama in office and wants to avoid an economic shock that an increase in rates might bring for Obama’s remaining months in office.
“I think you’re going to have low interest rates until the end of the year, maybe no increase at all. And the market will stay artificially high and we’ll have to see what happens,” Trump said.
“I will say in my opinion the Fed has become extremely political,” he said.