Thursday, August 6, 2015

Donald Trump: Yellen Creating a Bubble

During an interview on Bloomberg television, Donald Trump said he thinks the low interest policy of Fed chair Janet Yellen may be creating a bubble.

He also said that he thought the position of Fed chairman was one of the most important because of its overall impact on the economy,

He said he liked Paul Volcker as Fed chairman because "he did what had to be done."

Volcker became chairman of the Fed at a time price inflation was at double digit levels. He stopped the Fed inflation by focusing on slowing money supply growth, rather than interest rates, and killed the rampant inflation of that period.

Trump also said he was against the Export-Import Bank and listed among the points that it was not free enterprise.

   -RW 

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