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Trump: 'We are in a big, fat, ugly bubble'

Donald Trump reiterated his belief that Janet Yellen and theFederal Reserve are keeping interest rates low for political reasons during thefirst presidential debate on Sept. 26.

"The Fed is being more political than SecretaryClinton," the Republican presidential candidate said.

In recent interviews and speeches, Trump has said that theU.S. central bank decides on interest rate policy based on the Obamaadministration's orders. Keeping rates low has boosted the stock market andimproved perceptions of President Obama's final months in office, Trump hasargued.

If the Fed were to raise rates, Trump said in an interviewearlier in September, the stock market would fall dramatically.

"We are in a big, fat, ugly bubble," Trump saidduring the debate.