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

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.

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"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
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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

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

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Pete Coors, Chairman of MillerCoors

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Linda McMahon, formerly CEO of World Wrestling Entertainment

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Brian France, Chairman and CEO of NASCAR

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Herman Cain, American author and business executive

Photo: Reuters

Carly Fiorina, former CEO of Hewlett-Packard
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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:

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

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."  

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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." 

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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." 

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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."

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Tila Tequila 

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

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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. 

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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

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 

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