Trump accuses Fed of making big mistake
(VOVWORLD) -US President Donald Trump launched a second day of criticism against the Federal Reserve on Thursday, calling its interest rate increases a “ridiculous” policy that was making it more expensive for the federal government to finance deficits.
 FED headquarter in Washington DC (Photo: VNA) |
President Trump said on Fox & Friends that the Fed is making a big mistake.
After the Dow Jones dropped more than 800 points Wednesday, one of the worst sell-offs since February, Trump strongly criticized the Fed for raising rates, again signaling that he wants interest rates to remain low. Asian security markets all experienced drops following Wall Street’s worst transaction day in several months.