Trump Says Interest Rates Can Slow Growth, Growth Doesn’t Cause Inflation
JH Kim
Summary
- Trump said interest rates can slow economic growth and that "we want growth."
- Trump stressed that growth does not cause inflation.
- Trump said interest-rate levels affect the ability to sustain 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 discussed the relationship between interest rates and economic growth, Walter Bloomberg reported. "Interest rates can slow growth. We want growth," Trump said.
He added that growth does not cause inflation, underscoring his view of the relationship between economic expansion and price pressures.
Trump's remarks also highlighted the impact interest-rate levels can have on sustaining economic growth.
JH Kim
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