In August Trump criticized the Fed’s artificially low interest rate, which has remained near zero since the financial crisis of 2008.
“From the country’s standpoint, I’m just not sure it’s a very good thing, because I really do believe we’re creating a bubble,” he said.
In October he accused Fed boss Janet Yellen of keeping interest rates low to stave off a deeper recession during the remainder of Obama’s term.
“She’s keeping the economy going, barely,” Trump said. “The reason they’re keeping the interest rate down is Obama doesn’t want to have a recession-slash-depression during his administration.”
Texas Senator Ted Cruz supported a bill to audit the Fed introduced by Kentucky Republican Senator Rand Paul. However, when the legislation came up for a vote Cruz skipped out.
True➡️Video-Ron Paul: Ted Cruz will not audit the fed because “he is owned by Goldman Sachs” and “a hyprocrite” https://t.co/ZJ4n2kO6Q3
— Jack for Trump! (@risetoflyy) January 19, 2016
Cruz explained he opted out because “it was clear early on [the] vote wasn’t going to succeed… And, at the same time that the vote was scheduled, I had longstanding commitments to be in New Hampshire.”
