Trump Says Fed Chair Should Lower Rates on Good News

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Transcript

00:00In the old days, when you had good numbers, interest rates would go down.

00:04When you had good numbers, the market would go through the roof.

00:07That's the way we're going to make it again.

00:09That's the old-fashioned way. That's the right way.

00:11Today, if you announce great numbers, they raise interest rates to try and kill it.

00:16So you can never really have the kind of rally you should have.

00:19What happens and what we want, we're going to have a lot of great months, a lot of great quarters.

00:25I want the market to go up.

00:27You announce unbelievable numbers and the market goes down because they know you're going to do everything possible.

00:34In the Fed, we have a real stiff in the Fed, but that's for another day.

00:39But they raise rates.

00:42So everyone says, oh, they announced great numbers. It's great, great, great.

00:46And the market goes down because they immediately raise rates.

00:48No, when the market goes up, they should lower rates.

00:52You want to see 20% and 25%?

00:55You want to see what we can do?

00:57We've got to go back to an old standard.

00:59When there's good news, the market should go up, not go down.

01:02Does that make sense to everybody?

01:03And that's the way it used to be for most of the time.

01:06That's the way you make a country great.

01:08But our growth potential is unlimited and could be much higher if we went back to sanity.

01:14We're not doing it anymore.

01:16We're talking about the head of a Fed, of the Fed.

01:20And I want somebody that when the market is doing great, interest rates can go down because our country becomes stronger.

01:26See, you view it differently.

01:27Our country becomes stronger and therefore interest rates should go down, not up.