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It Turns Out That Trump Loves Low Interest Rates and Fed Stimulus After All | Mises Institute
Back in 2016, Donald Trump criticized the Federal Reserve for keeping interest rates too low. Trump explained that the Fed's work to keep interest rates artificially low benefits the wealthy at the expense of the poor[1]:
And you know the people who are hurt the most are people that saved all their lives, and thought they were going to live off the interest. Those people are getting absolutely creamed.As a wealthy investor, though, Trump says he "loves low interest rates." But those who cut down on debt and save their money are hurt by Fed policies:
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The ones who did it right — they saved their money [and] they cut down on their mortgages, ... and now they're practically getting zero interest on