Trump Attacks Federal Reserve Amid Stock Market Plunge

HeadlineOct 12, 2018
H stock market

In financial news, the stock market continued to fall Thursday, with the Dow Jones Industrial Average dropping over 1,000 points since Wednesday morning. As investors speculated on a range of reasons for the recent meltdown, including the Trump administration’s trade war with China, the president lashed out at the Federal Reserve and its decision to raise interest rates.

President Donald Trump: “But I think the Fed is far too stringent, and they’re making a mistake, and it’s not right. And it’s despite that we’re doing very well. But it’s not necessary, in my opinion. And I think I know about it better than they do, believe me.”

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