Donald Trump: This is why I’m for low interest rates

Donald Trump told CNBC on Thursday he’s for low interest rates unless inflation perks up, and he would probably replace Janet Yellen when her term is up as Federal Reserve chair.

“I have nothing against Janet Yellen whatsoever. I think she’s been doing her job,” the presumptive GOP presidential nominee said in a wide-ranging phone interview with “Squawk Box.”

“I don’t know her. She’s a very capable person. People I know have a high regard for her. But she’s not a Republican,” he added.

Trump argued for low rates to keep the national debt of $19 trillion somewhat manageable. Calling himself “the king of debt” in his business dealings, he warned that the national debt would be troublesome if the cost of borrowing increases.

“We’re paying a very low interest rate. What happens if that interest rate goes up 2, 3, 4 points?” he asked rhetorically. “We don’t have a country.” The U.S. should refinance longer-term debt, he added.

As president, Trump repeated that he would renegotiate the nation’s trade agreements, which he contends were hammered out by political hacks rather than the best and brightest business minds.

He also said he’d get rid of a numerous regulations.

Trump said his immigration policy would not shrink the economy. In the campaign, he’s talked about tough about measures to make sure people come into the U.S. legally.

Trump said if he doesn’t win the White House, the Supreme Court would be stacked with liberals who would make the United States a “totally different country.”

He said American would become Argentina or Venezuela.

Trump also gave a 40 percent chance that he would choose his running mate from his former rivals in the race for the nomination.

He said he has a good relationship with John Kasich, but the Ohio governor, who was the last to drop out, is unlikely to be his VP choice.

Trump said he prefers to pick a running mate with government experience, because as a businessman he has business issues covered and he’d like help in pushing legislation through.

Sen. Jeff Sessions, who has endorsed Trump, would make a “good anything,” Trump said in response to a question of whether the Alabama Republican would make a good VP choice.

He said Democratic front-runner Hillary Clinton should be held legally responsible for using a private email sever during her time as secretary of state.

But he claimed she’s being protected by the Democratic machine and is going to “skate away with it,” calling the process “disgraceful.”

Trump said he’d rather run against Clinton than against Vermont Sen. Bernie Sanders because she’s more beatable.

Trump said he looks forward to the general election debates. With three on the schedule, he said he wishes there were more.

Trump called Obamacare a “total disaster,” saying the Affordable Care Act needs to be repealed and replaced.

Responding to a call by the Rolling Stones for Trump to stop using their music, the billionaire said he uses lots of songs at his rallies. “I always buy the rights.” The Stones said they have not given their permission.

Trump’s remaining two rivals — Kasich and Texas Sen. Ted Cruz — dropped out of the race this week after their poor showings Tuesday in Indiana’s primary.

Trump has amassed 1,055 delegates, 182 short of the 1,237 need to clinch the nomination at this summer’s convention.

June 7 is the final day of primaries, with contests in California, New Jersey and three other states.

Looking ahead to the general election, Trump told The Wall Street Journal he won’t completely self-fund this next leg of his campaign. The reversal comes as he faces a tab of more than $1 billion to battle the eventual Democratic nominee.

The billionaire businessman largely paid for his primary run.

The Trump campaign plans to soon announce a finance director and a transition team, according to The New York Times.

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