Donald Trump Endorses Low Interest Rates, Earns Praise From The New York Times

by Tho Bishop

Presumptive Republican nominee Donald Trump has made headlines with comments he made to CNBC on monetary policy and the debt.

Yesterday I had written an article praising Trump for past statements on the dangers of the Fed’s current low interest rate policy. Unfortunately, The Donald then went on to make a strong endorsement of the monetary status quo, indicating that his main criticism of Fed Chairman Janet Yellen was her political party:

I have nothing against Janet Yellen whatsoever. I don’t know her. She’s a very capable person. People that I know have a very high regard for her. But she’s not a Republican….

She’s a low-interest-rate person, she’s always been a low-interest-rate person. And I must be honest, I am a low-interest-rate person. If we raise interest rates, and if the dollar starts getting too strong, we’re going to have some very major problems.

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