Trump Says Blame ‘Loco’ Fed, Not China Trade War, for Sell-Off
- Latest attacks on central bank for interest-rate increases
- Plays down significance of ‘correction’ he says he expected
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President Donald Trump slammed the Federal Reserve as “going loco” for its interest-rate increases this year in comments hours after the worst U.S. stock market sell-off since February.
Trump said in a telephone interview on Fox News late Wednesday night the market plunge wasn’t because of his trade conflict with China: “That wasn’t it. The problem I have is with the Fed,” he said. “The Fed is going wild. They’re raising interest rates and it’s ridiculous.”