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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