Trump says Fed keeping rates low because of pressure from Obama


  • World
  • Monday, 12 Sep 2016

Republican presidential nominee Donald Trump speaks at the Values Voter Summit in Washington, D.C., U.S., September 9, 2016. REUTERS/Mike Segar

WASHINGTON (Reuters) - Republican presidential candidate Donald Trump said on Monday that U.S. Federal Reserve Chair Janet Yellen was keeping interest rates low because of political pressure from the Obama administration, questioning the motives of an institution whose work hinges on maintaining its independence.

"Well, it's (the interest rate) staying at zero because she's obviously political and she's doing what Obama wants her to do," Trump told CNBC in a phone interview, saying Yellen should be "ashamed" of what she was doing to the country.

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