WSJ on Trump's 'Fed has gone crazy' remark
The Wall Street Journal following up on President Trump's comments earlier:
"The Fed is making a mistake," Mr. Trump told reporters in Erie, Pa., after stock markets suffered their biggest decline in more than seven months.
- "I think the Fed has gone crazy."
- Mr. Trump has for weeks grumbled about the central bank's campaign to gradually lift short-term rates,
- Wednesday's comments were the first time he said the Fed had been responsible for inflicting market losses. Of the stock market, he said, "Actually, it's a correction that we've been waiting for, for a long time. But I really disagree with what the Fed is doing, OK?"
If the stock market in the US falls again tomorrow I expect we will hear more along the same lines. This is not the first time (nor last) a politician blames the Fed for a stock market fall.