the President Donald Trump lashed out at the Federal Reserve for a second consecutive day and He called the recent spike in rates of the central bank of “error”.
“I am paying interest at a high rate because our Fed,” Trump told Fox News. On Wednesday, the President attributed the worst sell-off of the stock market of the United States from February to the rising rates of interest rather than to its trade dispute with China. “They are making a mistake and being too aggressive.”
On Wednesday, the S & P 500 suffered the largest fall since February and the Nasdaq 100 was the worst day in seven years, slowing earnings of the year Meanwhile on Thursday did not appear to be much respite to stock investors.
Criticisms of Trump the Fed began at a political rally style campaign in Pennsylvania a day earlier, during which he said that the Agency was “going crazy”. Market analysts, meanwhile, mostly attributed to renewed fears liquidation by Trump trade war with China.
The President has been publicly criticizing the central bank – under the helm of Chairman Jerome Powell, who appointed – since July by the interest rate increases and in September declared “was not happy” after the third hike of rates of the year.
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