Trump on higher interest rates: “I think the Fed has gone crazy”
Posted: 8:33 pm Wednesday, October 10th, 2018
By Staff Writer
Hours after the major American stock markets registered their biggest losses since early this year, President Donald Trump again publicly rebuked the Federal Reserve, arguing their move to raise interest rates has caused stock losses and even some uncertainty about future economic growth.
“I think the Fed has gone crazy,” the President told reporters after arriving in Erie, Pennsylvania for a campaign rally, as he vented frustration again about decisions to raise interest rates, as Mr. Trump argued those tight-money policies will harm future growth.
It was the second straight day that the President had publicly criticized the Fed’s policy decisions.
“The Fed is doing what they think is necessary, but I don’t like what they’re doing,” the President said on Tuesday. “Because we have inflation really checked, and we have a lot of good things happening.”