• Declaring ‘the Fed has gone crazy,' Trump increasingly takes aim at U.S. central bank

    8 monthes ago - By Washington Post

    President Trump is stepping up blame on the Federal Reserve as concern grows the economy could be slowing.
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  • Trump Called the Fed's Rate Hikes ‘Crazy.' The Banking World Respectfully Disagrees

    8 monthes ago - By Fortune

    After President Donald Trump attacked the Federal Reserve over its interest rate hikes on Wednesday, senior officials and banking chiefs have raced to defend the U.S. central bank and its chairman, Jerome Powell.
    In the context of a Wall Street stock tumble that went on to reverberate around the world, Trump said the Fed had “gone crazy” and was “making a mistake.”
    Voting for four hikes in the last year, the Fed has been trying to prevent the economy from overheating-raising interest rates essentially discourages borrowing. Another hike is expected before 2018 is over.
    Efforts to cool down...
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