Donald Trump, the presidential nominee from the Republican Party, has described the economy of the United States as a false one. He said that the US central banking system has intentionally kept the interest rates low. This, according to Trump, has prevented the collapse of the US economy. Donald made this statement when he responded to a question posed by a journalist during his Ohio campaign. The second question made by the same journalist prompted him to mention the rates fixed by Federal Reserve.
Trump went further on to say that the ratest at some point in the future must change. He went on to add that the sole strong thing at this point of time is the stock market. According to the real estate billionaire, the stock market is also an artificial one. It is to be said that his ideas on reconstructing the American economy have been regarded as questionable by a number of finance professionals. Others have lauded it as an workable one.
As per Trump, there is an urgent need to reconstruct the US infrastructure. There is also the need tro rebuild the military, which he alleged was being destroyed by a slew of bad decisions. Other then these, a lot of things remain to be done. He mentioned the reduction of debt and added that the best thing at present is the low interest rates. This enables a lot of good things to be done. He also expressed surprise as to why these things were not done before.
In the meantime, Hillary Clinton, the frontrunner for the presidential post from the Democratic Party, was not so radical concerning her future plans when it came to the American economy. The former Secretary of State, however, promised that there will be change in the Federal Reserve top ranks so that there will be more diversity. She pledged more representation of minorities in Federal Reserve.
According to her campaign statement, the Federal Reserve constitutes an important instittution for the US economy and also for the betterment of the middle class. The American people must have no doubt that the Fed is fully committed to serve public interest. It went further on to say that this is the reason Secretary Clinton holds the belief that the common sense reforms like expelling bankers from the boards of regional Fed Reserves must be done as quickly as possible.