Trump says the Federal Reserve has ‘gone crazy’ by continuing to raise interest rates

CNBC/Thomas Franck/10-10-2018

“’I think the Fed is making a mistake. They are so tight. I think the Fed has gone crazy,’ the president said after walking off Air Force One in Erie, Pennsylvania for a rally. Fears about rapidly rising rates helped cause the Dow Jones industrial average to drop more than 800 points Wednesday. ‘Actually, it’s a correction that we’ve been waiting for for a long time, but I really disagree with what the Fed is doing,’ the President added.”

 

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