2016 Postmortem
Related: About this forumTrump Accuses Yellen of Trying to Improve the Economy Through Monetary Policy
By Eric Levitz
On Monday, Donald Trump said that Janet Yellen is keeping interest rates low so that the stock market wont crash and that she should be ashamed of herself for doing so.
Shes obviously political and doing what Obama wants her to do, Trump said of the Federal Reserve chair on CNBC, before explaining that the central bank would not raise interest rates because it didnt want the economy to implode on this presidents watch.
They want to keep the market up so Obama goes out and lets the new guy
raise interest rates or her raise interest rates and watch what happens to the stock market, Trump said.
There are a few strange things about this analysis. Voxs Matt Yglesias highlights the most obvious:
-snip-
http://nymag.com/daily/intelligencer/2016/09/trump-criticizes-yellen-for-not-crashing-the-economy.html
Matthew28
(1,798 posts)Truly a dangerous man.
WhiteTara
(29,722 posts)The guy knows nothing?
Welcome to DU
asiliveandbreathe
(8,203 posts)when such statements are made it is just another indication he knows nothing about the economy.
I just can't stand to hear his voice - so I just read what is going on from here to Nov...
Perfect fit - It is better to keep your mouth closed and let people think you are a fool than to open it and remove all doubt. Mark Twain..(I had to look it up, full disclosure)
VMA131Marine
(4,149 posts)And yet, he continues to get away with saying this stuff.
Jim__
(14,083 posts)That quote is from the Matt Yglesias article at Vox. That quote does appear to be accurate. It's somewhat amazing that the MSM ignore Trump's ignorance.