Trump Says Interest Rates Can Slow Growth, Growth Doesn’t Cause Inflation
Summary
- President Donald Trump said interest rates can slow economic growth.
- Trump stressed that stronger growth does not cause inflation.
- Trump said interest-rate levels play a major role in sustaining economic growth.
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President Donald Trump said interest rates can slow economic growth and argued that stronger growth does not cause inflation.
On October 1, Trump addressed the relationship between interest rates and economic growth, saying, “Interest rates can slow growth. We want growth.”
He also stressed that growth does not cause inflation, laying out his view on the relationship between economic expansion and rising prices.
Trump’s comments that day highlighted the effect interest-rate levels can have on sustaining economic growth.
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