The Interest-Rate Blame Game — Audit finding
Entities and roles
- America First Audit — The Interest-Rate Blame Gameaudit case
- Donald J. Trumpcomparison subject
Claims and evidence
- analysisdocumented
The direction of the promise was partly realized by year-end, not immediately, and attribution to Trump is not established because the independent Federal Reserve made the decisions under its statutory mandate.
- Roll Call Factbase: Donald Trump Campaign Rally in Lancaster, PennsylvaniaTranscript search: 'interest rates' and 'way down'
- Roll Call Factbase: Donald Trump Delivers Remarks Via Video at the World Economic ForumTranscript search: 'demand that interest rates drop immediately'
- Federal Reserve Board: Federal Reserve issues FOMC statementPolicy decision paragraph
- Associated Press: Trump says he will demand that interest rates come down, but it won't be that simpleFederal Reserve independence and policy-mechanism explanation