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

MarketWatch
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’s the view 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, -2.13% and the S&P 500 index SPX, -2.06% since both U.S. equity benchmarks tumbled into correction territory back in early February. The Nasdaq Composite Index COMP, -1.25%  , meanwhile, suffered its ugliest day since U.K. voters exhibited a narrow preference for a market-disrupting plan to exit the European Union’s trade bloc back in June 2016. In all, it was a withering session for an administration