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negotiate, because it is a very, very -- it's fairly catastrophic if it happens. But some people are willing to go through that in order to win. And, by the way -- and I'm not saying they shouldn't be -- in order to win and in order to cut the kind of costs.” [Face The Nation, CBS News, 10/25/15] FEDERAL RESERVE AND MONETARY POLICY 1994: TRUMP SAID IT WAS CRAZY THAT THE FED SOUGHT TO RAISE INTEREST RATES AS THE ECONOMY IMPROVED… Trump In 1994: “What The Federal Reserve Is Doing With Interest Rates Is Madness.” TRUMP: “I think what the government and what the Federal Reserve is doing with interest rates is madness. Every time the economy starts doing well, this brilliant Federal Reserve Board wants to raise interest rates. The economy one year ago, a little bit more than a year ago, was ready to rocket. Everybody would have been employed. This country would have really done a job. And they say, 'Oh. The economy is getting strong. Let's do something. Let's raise interest rates to kill it.' It didn't kill it. 'Let's raise them again. Let's raise them again. Let's raise-' Well, guess what? It's finally starting to have an effect. They're killing the golden goose. They're going to kill this economy, and they're getting very close.” [Pinnacle, CNN, 12/25/94] 2015: TRUMP CLAIMED JANET YELLEN KEPT INTEREST RATES LOW FOR POLITICAL PURPOSES AT PRESIDENT OBAMA’S REQUEST Donald Trump Said Fed Chair Janet Yellen Was Keeping Interest Rates Low At The Request Of President Obama And Called Her “Highly Political.” “Republican White House contender Donald Trump accused the U.S. Federal Reserve on Tuesday of keeping interest rates low at the bidding of Democratic President Barack Obama. Trump, speaking at a news conference at his company's New York City headquarters, also called Fed Chair Janet Yellen ‘highly political.’… ‘They are not raising them because Obama has asked them not to raise them,’ Trump said, echoing similar comments he made in interviews last month. ‘He wants to get out of office, because we're in a bubble, and when those rates are raised, a lot of bad things are going to happen.’ He added, ‘Janet Yellen is highly political and she's not raising rates for a very specific reason: because Obama told her not to because he wants to be out playing golf in a year from now and he wants to be doing other things and he doesn't want to see a big bubble burst during his administration.’” [Reuters, 11/3/15] TRUMP REPORTEDLY SUPPORTED THE VOLCKER RULE Ben Jacobs: “Donald Trump Says Of The Volcker Rule, ‘If He's Happy, I'm Happy’” [@BenCJacobs, Twitter, 8/4/15] 1999: TRUMP SAID HE WOULD REAPPOINT FEDERAL RESERVE CHAIRMAN ALAN GREENSPAN Trump Said He Would Reappoint Alan Greenspan To Chair The Federal Reserve. TRUMP: “You know, I know the smart people. I really know the smart people. I deal with the smart people. I know the smartest people on Wall Street. And I will say that Alan Greenspan has done an amazing job. He's been a great -- he's been great at what he's done.” KING: “You Confidential Page 107

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