Trump Criticizes High Interest Rates Amid Strong Employment Data

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On September 5, Trump criticized high interest rates, stating that strong employment data should have boosted the market. He attributed the stock market decline to elevated interest rates and called current economic theory flawed. He argued that growth does not cause inflation and urged the U.S. to adopt the lowest interest rates globally to spur growth. Recent inflation data has fueled ongoing debates about monetary policy.

BlockBeats news, on September 5, Trump posted that, "We just had outstanding jobs data—the market should rise because our credit and economic conditions are better—but as always, over the past 25 years, the stock market has been falling."


Because we live in a false reality that assumes if things are going well, we must "kill it" out of "fear" of inflation. The opposite should be true—and until 25 years ago, it was. If we cling to this theory, we will never achieve the genuine economic prosperity our nation deserves, because every time we succeed, foolish people rush to immediately halt this positive momentum. Growth does not cause inflation!


This morning, as soon as I saw these outstanding employment figures, I understood that the market should have surged like a rocket—but instead, it declined. Our GDP growth rate should have been 15% to 20%, not 2%, 3%, or 4%; the United States should be far stronger fiscally than it is today. Debt should have been paid off, and all other positive factors should have materialized. Remember, for every one-percentage-point increase in interest rates, the United States incurs a cost of $650 billion annually. We should have the lowest interest rates in the world, because we keep everything running and generate immense economic wealth for countries that might otherwise struggle.

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