White House rejects Trump comments on Fed politicizing interest rates

Published 11/03/2015, 01:28 PM
Updated 11/03/2015, 01:30 PM
© Reuters. Republican presidential candidate Donald Trump holds up a copy of his new book "Crippled America" at news conference to promote the book in New York

WASHINGTON (Reuters) - The White House on Tuesday rejected Republican presidential candidate Donald Trump's accusations that the Federal Reserve was keeping interest rates low at the request of President Barack Obama's administration.

© Reuters. Republican presidential candidate Donald Trump holds up a copy of his new book "Crippled America" at news conference to promote the book in New York

"Of course not," White House spokesman Josh Earnest said when asked about the remarks by Trump. "This administration goes to great lengths to ensure that the Federal Reserve" can make monetary policies that are in the best interests of the country and the economy, Earnest said.

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