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Trump Slams Fed as "Crazy"

IMG Auteur

Mish

Global Economic Analysis

Published : October 11th, 2018

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FOLLOW : Fed Trump

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Category : Crisis Watch

Just 1 day after saying he has not met with Powell because he did not want to interfere, Trump slams the Fed as "crazy".

Bloomberg reports Trump Steps Up Fed Pressure With ‘Gone Crazy’ Jab After Sell-off.

President Donald Trump slammed the Federal Reserve as “crazy” for its interest-rate increases this year in comments hours after the worst U.S. stock market sell-off since February.

“The Fed is making a mistake,” he told reporters on Wednesday as he arrived in Pennsylvania for a campaign rally. “They’re so tight. I think the Fed has gone crazy.”

This is fresh on the heels of what I said yesterday in Trump Goes After Fed but Proclaims "I Don't Want to Meddle": Trump Translated

Three-Point Translation

I said I don't want to meddle, but I really do.
I am worried about the stock market.
Please don't sink the stock market before the midterm elections or I may get really nasty.

Source : moneymaven.io

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Mike Shedlock / Mish is a registered investment advisor representative for SitkaPacific Capital Management. He writes a global economics blog which has commentary 5-7 times a week. He also writes for the Daily Reckoning, Whiskey & Gunpowder, and has over 80 magazine and book cover credits. Visit http://www.sitkapacific.com

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