Republican presidential nominee Donald Trump told reporters Monday that the Federal Reserve is keeping interests rates at record lows to help President Obama and to keep the economy from going down.
"They’re keeping the rates artificially low so the economy doesn’t go down," Trump said in response to a question about a potential rate hike by the Federal Reserve this month. "So that Obama can say he did a good job. That's the only reason that the rates are so low. They're keeping the rates artificially low so that Obama can go out and play golf after January and say that he did a good job. But it is a very, a very false economy. So [Obama] can leave office and say: See I told you."
“We have a very false economy," he repeated.
"So far, I think she's done a political job," he said about Fed chair Janet Yellen.
"At some point the rates are going to have to change," Trump added. "The only thing that is strong is the artificial stock market."
"That's only strong because it's free money because the rates are so low. It's an artificial market. It's a bubble. So the only thing that's strong is the artificial market that they're created until January. It's so artificial because they have free money... It's all free money. When rates are low like this it's hard not to have a good stock market," he also said.