US President Trump: Growth does not cause inflation
Washington, September 4 (Hibya) - United States (US) President Donald Trump said in his assessment of the economy that the market declined despite strong labor data, stating that high economic growth would not lead to inflation.
US President Donald Trump said in his assessment of economic indicators that the released labor market data were strong, but despite this, the market declined instead of rising.
Trump said the market should rise, adding that the US economy and credit conditions are in better shape. He argued that for the past 25 years, the market has declined when economic data have been strong because of fears of inflation, saying that this is the wrong approach.
Stating that economic growth does not cause inflation, Trump said, “Growth does not cause inflation.”
Trump said the US economy should achieve GDP growth rates of 15 percent and 20 percent instead of 2 percent, 3 percent or 4 percent, emphasizing that the country should have greater financial strength than it currently does.
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