Trump Hated Low Interest Rates. Then He Became President
- Naming Powell to Fed Chair largely signals continuity
- Trump said during campaign that Fed created economic bubble
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Donald Trump the presidential candidate denounced the Federal Reserve’s promotion of low interest rates as feeding a risky economic bubble. Now in the White House, regularly celebrating the stock market’s advances, he’s had a change of heart.
“I do like a low-interest-rate policy, I must be honest with you,” Trump told the Wall Street Journal in April, less than three months after taking office.