Donald Trump: Obama keeping down interest rates; Fed ‘obviously not independent’

Republican presidential nominee Donald Trump said Monday that President Obama is holding down interest rates and that the Federal Reserve is “obviously not even close to being independent.”

“The interest rates are kept down by President Obama. I have no doubt that that’s the reason that they are being kept down,” Mr. Trump said on CNBC’s “Squawk Box.” “As a real estate person, I love it, but … for the last 14 months, I haven’t been exactly active.”

“I love low interest rates, but for the country, something has to happen,” Mr. Trump said. “I don’t think it’s going to happen very much because he wants to go out, he wants to play golf for the rest of his life, and he doesn’t care what’s going to happen after January.”

“It’s staying at zero because she’s obviously political, and she’s doing what Obama wants her to do,” Mr. Trump said, apparently referring to Federal Reserve chair Janet Yellen.

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