‘The Fed has gone crazy’: Trump rails against Federal Reserve over rate hikes amid market plunge

donald trump trump towerDrew Angerer/Getty Images

  • President Donald Trump said he believes “the Fed has gone crazy” amid recent interest rate hikes.
  • Trump’s statement comes after stocks plunged on Wednesday. The Nasdaq Composite index and the Dow Jones dropped more than 4% and 800 points respectively.
  • The Fed is expected to raise interest rate through the end of 2018 and into 2019

President Donald Trump signaled his anxiety about the Federal Reserve’s plan to keep raising interest rates into 2019 after stocks plunged on Wednesday.

“I think the Fed is making a mistake,” Trump said to reporters after landing in Erie, Pennsylvania, for a campaign rally on Wednesday. “They are so tight. I think the Fed has gone crazy.”

See the rest of the story at Business Insider

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Martin is an enthusiastic programmer, a webdeveloper and a young entrepreneur. He is intereted into computers for a long time. In the age of 10 he has programmed his first website and since then he has been working on web technologies until now. He is the Founder and Editor-in-Chief of BriefNews.eu and PCHealthBoost.info Online Magazines. His colleagues appreciate him as a passionate workhorse, a fan of new technologies, an eternal optimist and a dreamer, but especially the soul of the team for whom he can do anything in the world.

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