Trump says Fed's Yellen does White House's bidding - News Summed Up

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Trump says Fed's Yellen does White House's bidding


"The interest rates are kept down by President Obama. He said the long period of low rates had most hurt retirement investors who had expected to draw on savings interest. "The new person who becomes president, let him raise interest rates or her raise interest rates and watch what happens to the stock market when that happens," Trump said. "Trump’s remarks come after US equity markets lost more than two per cent on Friday on fears the Fed will raise rates as soon as this month. The total per centage change in national debt under Obama compared to other administrations has been comparatively modest, however.- AFP


Source: The Nation Bangkok September 13, 2016 06:45 UTC



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