Trump: Yellen should be 'ashamed' of what she's doing to the country

Before you go, we thought you'd like these...
Before you go close icon

WASHINGTON, Sept 12 (Reuters) - Republican presidential nominee Donald Trump said on Monday that U.S. Federal Reserve Chair Janet Yellen was keeping interest rates low because of political pressure from the Obama administration.

"Well, it's staying at zero because she's obviously political and she's doing what Obama wants her to do," Trump told CNBC in a phone interview, saying she should be "ashamed" of what she was doing to the country.

"And I know that's not supposed to be the way it is. As soon as they go up, the stock market's going down. ... I believe it's a false market because money is essentially free," he said.

SEE ALSO: Bill Gates is no longer the richest person in the world

"Any increase at all will be a very, very small increase because they want to keep the market up so Obama goes out and let the new guy ... raise interest rates ... and watch what happens in the stock market."

Trump said that as a businessman, "I love low interest rates," but that they hurt many people who were living on their savings.

See business leaders that endorse Donald Trump:

10 PHOTOS
Business leaders who endorse Donald Trump
See Gallery
Business leaders who endorse Donald Trump

Steve Forbes, Chairman and Editor-in-Chief of Forbes 

Photo: Reuters

Peter Thiel, Venture Capitalist, co-founder of PayPal

Photo: Reuters

Kenneth Langone, co-founder of The Home Depot

Photo: Getty

Bernard 'Bernie' Marcus, co-founder and former chairman of Home Depot 

Photo: Getty

Pete Coors, Chairman of MillerCoors

Photo: Getty

Linda McMahon, formerly CEO of World Wrestling Entertainment

Photo: Getty

Brian France, Chairman and CEO of NASCAR

Photo: Reuters

Herman Cain, American author and business executive

Photo: Reuters

Carly Fiorina, former CEO of Hewlett-Packard
of
SEE ALL
BACK TO SLIDE
SHOW CAPTION +
HIDE CAPTION

Minneapolis Federal Reserve President Neel Kashkari responded in a later interview on CNBC by denying that politics had influence on Fed policymaking.

"Politics simply does not come up," he said. "We look at the economic data and ... everyone around the table is committed to achieving our dual mandate," Kashkari said.

Atlanta Fed President Dennis Lockhart, asked about political pressure on the Fed at a National Association for Business Economics conference in Atlanta, said, "I don't see the world that way."

(Reporting by Eric Walsh; Editing by Nick Zieminski)

Now learn which celebrities support Trump:

21 PHOTOS
20 celebrities who endorse Donald Trump
See Gallery
20 celebrities who endorse Donald Trump

Kid Rock

Kid Rock showed his support for the presidential hopeful in an interview with Rolling Stone, saying he's "digging Trump." He also added, "Let the motherf---ing business guy run it like a f---ing business. And his campaign has been entertaining as shit."

Photo via AP

Mike Tyson
 

The former heavyweight champion announced that he would endorse Trump while appearing on HuffPost Live back in October of 2015. "He should be president of the United States," Tyson said. 

As for what Trump has said about immigration, Tyson said the words were "crude" and someone could work with him on the delivery of his message.

Photo via AP

Stephen Baldwin


Baldwin, who was fired by Trump on two different seasons of "The Celebrity Apprentice," said during an interview with Don Lemon on an episode of "CNN Tonight" that Trump would make a "great" president "because he's not a politician, and he doesn't care what anybody thinks."  

Photo via Getty

Gary Busey

The actor endorsed Trump back in 2011, even after being fired from season four of "The Celebrity Apprentice," and offered his praise for the presidential hopeful again recently. "He's a great guy. He's sharp. He's fast," he told Fox411. "He can change the country after the last eight years."  

Photo via Getty

Dennis Rodman

The retired pro-basketball player tweeted: "@realDonaldTrump has been a great friend for many years. We don't need another politician, we need a businessman like Mr. Trump! Trump 2016." He was fired from season two of "The Celebrity Apprentice." 

Photo via Getty

Lou Ferrigno

When asked by TMZ for his thoughts on Trump, the actor and former bodybuilder said, "I hope Donald goes all the way." He was also fired from a season of "The Celebrity Apprentice." 

Photo via Getty

Hulk Hogan

TMZ asked Hogan which 2016 Republican presidential candidate he would want to face in the ring, but instead of answering the question, he said he'd want to be Trump's running mate. 

Photo via AP

Ted Nugent 

The musician wrote an article for WorldNetDaily in which he said, "[Trump] should be given the Medal of Freedom for speaking his mind in such a bold, honest, and straightforward manner."

Photo via Getty

Tila Tequila 

The model and reality star posted a video on YouTube expressing her support for Trump.

Photo via Getty

Wayne Newton

The Las Vegas entertainer announced his support on "Fox and Friends," “I love Donald, and he would make a great president,” he said. But he also voiced his support for other hopefuls, such as Carly Fiorina, Jeb Bush, and Ben Carson. 

Photo via Getty

Willie Robertson

The businessman and star of A&E’s “Duck Dynasty” supported Trump at a rally in Oklahoma last year, where he was invited up on stage. He officially announced his endorsement in January. 

Photo via Getty

Jesse Ventura 

Jesse Ventura

The former pro wrestler, former Minnesota governor, and actor was speaking with previous Trump staffer Roger Stone for "Off the Grid," when Ventura said, "I shocked my staff today. I came in and said, ‘You know what, as far as the Republicans are concerned, I hope Trump wins.'" Though he also added, "Now I’m not a Republican — I’m not a Democrat either — so ultimately, I’d like somebody else to win overall.”

Photo via Getty

Charlie Sheen 

After initially calling Trump a "shame pile of idiocy" in a tweet, Sheen had a change of heart a month later and tweeted that he'd be Trump's "VP in a heartbeat!"

Photo via AP

Ivana Trump

The socialite held a luncheon in support of her ex-husband. 

Photo via AP

Mike Ditka

The retired NFL coach said of Trump, "I think that he has the fire in his belly to make America great again and probably do it the right way," in an interview with the Chicago Sun-Times. 

Photo via AP

Terrell Owens 

The retired NFL wide receiver told TMZ Sports, "This may be what the country needs and Trump... He’s a guy who won’t put up with B.S. and has what it takes to change how government is run." He appeared on the most recent season of "The Celebrity Apprentice."   

Photo via Getty 

Azealia Banks

Photo via AP

Jesse James 

James, a TV personality and founder of West Coast Choppers, posted a lengthy Facebook message in January supporting his former "Celebrity Apprentice" boss. He said:

 "Ive met a lot of people in life and I have found it best to form opinions about them by actually meeting them in person. ... What I personally observed is a man that is perfect suited to run this country. ... One thing you know about me is Good or bad I will always tell it like it is. This guy is the Real Deal, and will Make America Great Again."

Photo via AP

of
SEE ALL
BACK TO SLIDE
SHOW CAPTION +
HIDE CAPTION

Read Full Story

Markets

S&P 500 2,246.19 4.84 0.22%
DJIA 19,614.81 65.19 0.33%
NASDAQ 5,417.36 23.59 0.44%
DAX 11,179.42 192.73 1.75%
HANG SENG 22,752.08 -109.76 -0.48%
NIKKEI 225 18,905.99 140.52 0.75%
USD (per EUR) 1.06 0.00 -0.08%
USD (per CHF) 1.02 0.00 0.08%
JPY (per USD) 114.45 0.38 0.33%
GBP (per USD) 1.26 0.00 -0.02%

From Our Partners