Carl Icahn Urges Fed to Raise Rates, Supports Trump

foxbusiness.com ^ | Jo Ling Kent

[RoosterRedux]

Billionaire investor Carl Icahn is urging the Federal Reserve to throw caution to the wind and raise interest rates on Thursday.

“We are building a huge asset bubble by keeping interest rates down here. So I think they have to,” he told FOX Business. "You can't keep interest rates at this level and have a balance sheet of four trillion. But I do think the Fed did a great job in ‘08 in saving the country so I'm not really saying I'm against the Fed but I think now they've gone too far the other way, by far.”

The U.S. central bank was widely expected to hike rates for the first time in nine years at its September meeting. However, recent current events in the global-market landscape -- including worries over growth in China's economy, and surprise devaluation of the nations' currency -- have forced many Wall Street heavyweights to push back rate-hike forecasts until later this year or into 2016.

2016 Race for the White House

Ahead of Wednesday’s second GOP debate, Icahn said he believes presidential candidate and front runner Donald Trump has “hit a very important nerve" for American voters.

"I think a lot of what [Trump] says has to be done in this country or we're going have real problems. We may have them anyway,” Icahn said.

[Ken522]

Yeah smarty, go on ahead - have the government raise interest rates ... the 18 trillion dollar national debt will be eating more and more tax and will require the government to raise taxes substantially to service the debt.

[RoosterRedux]

The Fed is raising rates, if in fact they do, by 25 basis points. That's nothing.

And the reason they are doing it is so they can cut that rate in case the economy gets even worse.

[jsanders2001]

Not making enough on your investments, eh, Carl?

[Java4Jay]

Carl Icahn is a rotten dirty snake