2018-12-30 — mercurynews.com
"We have a big, fat bubble coming up, you watch. We have artificially induced low interest rates," Trump told MSNBC's "Morning Joe" two days after announcing his candidacy in 2015. "I borrow money . . . you pay like nothing; they give you free money. Now that's bad, that's not good."
This month, Trump asked advisers about firing Fed Chairman Jerome Powell over rate increases, even after he baselessly accused President Barack Obama of forcing the Fed to keep rates low two years prior (Trump "now realizes he does not have the authority" to fire Powell, acting White House chief of staff Mick Mulvaney said Sunday).
"The interest rates are kept down by President Obama; I have no doubt that that's the reason they are being kept down," Trump told CNBC on Sept. 12, 2016. "I used to hope that the Fed was independent, and the Fed is obviously not independent. It's obviously not even close to being independent."
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