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'The Fed has gone crazy': Trump rails against Federal Reserve over rate hikes amid market plunge

markets.businessinsider.com
'The Fed has gone crazy': Trump rails against Federal Reserve over rate hikes amid market plunge

President Donald Trump said he believes "the Fed has gone crazy" amid recent interest rate hikes. Trump's statement comes after stocks plunged on Wednesday. The Nasdaq Composite index and the Dow Jones dropped more than 4% and 800 points respectively. The Fed is expected to raise interest