Republican Presidential nominee Donald Trump’s statements and speeches have caused up veal in many international and national organizations, not because they are good or bad; in many a case they are politically unprecedented, especially when we consider his remarks on NATO. However, Mr. Trump’s remarks with regard to U.S. Federal Reserve aren’t that groundbreaking; to the very best they can be described as hawkish but even then, it matters. The way Mr. Trump’s camp is wooing black voters, if it is successful, he can win a landslide victory, and then his views would matter even more.

Mr. Trump said that Federal Reserve has essentially created a false economy by keeping the interest rates artificially low. These arguments are not new; many prominent economists have argued such. So these comments can hardly be called nonsense. While Fed policy initially supported the economy, they probably supported inefficient corporations too, that could have kept the supplies high and inflation low.

While U.S. Federal Reserve repeatedly said that it is independent, but in real life, it is difficult for Fed to completely shrug off political influence. It is important to remember that it is the Fed Chair, who gets appointed by the President.

In addition to that, Mr. Trump is a supporter of “audit the Fed’ initiative.