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What Trump’s tirade against ‘loco’ Fed means for the markets

MarketWatch
What Trump’s tirade against ‘loco’ Fed means for the markets

President Donald Trump’s branding of the Federal Reserve’s policy actions as “crazy” and “loco” following Wednesday’s steep stock-market selloff seemed both shocking and inevitable. The question for investors is whether it will make any difference at the Fed. So far, analysts seem to doubt the remarks, the latest and strongest in a series of criticisms of the central bank’s gradual tightening of monetary policy, will sway policy makers, though some argued that the rhetoric was serving to pressure the U.S. dollar. Read: Trump says the Fed has ‘gone crazy’ after the Dow tumbles 830 points in one day Dollar blues? “The reaction in FX is a combination of risk/haven status (Japanese yen, Swiss franc