U.S. Markets open in 5 hrs 31 mins

Trump says the Fed has ‘gone crazy’ after the Dow tumbles 830 points in one day


‘I think the Fed is making a mistake. It’s so tight, I think the Fed has gone crazy’ That is the view that President Donald Trump shared of the Federal Reserve on Wednesday in the wake of a virtual bloodbath on Wall Street that resulted in the worst daily decline for the Dow Jones Industrial Average DJIA, -3.15% and the S&P 500 index SPX, -3.29% since both U.S. equity benchmarks tumbled into correction territory back in early February. The Nasdaq Composite Index COMP, -4.08%  , meanwhile, suffered its ugliest day since U.K. voters coalesced around a market-disrupting plan to exit from the European Union’s trade bloc back in June 2016. In all, it was a withering session for an administration that