The Federal Reserve’s decision Thursday to buy $40 billion in mortgage securities each month is creating “phony numbers,” real estate mogul Donald Trump told CNBC’s "Closing Bell."
Trump said the Federal Reserve’s move to keep interest rates low and provide additional stimulus “will not ultimately benefit the economy.”
“The dollar will go down in value and inflationwill start rearing its ugly head,” he said of the effects of this third round of quantitative easing. (Read More: Fed Pulls Trigger, to Buy Mortgages in Effort to Lower Rates.)
Fed Stimulus Is Creating ‘Phony Numbers’: Trump - US Business News - CLICK FOR MORE..
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