Hi there,

In this age of widespread misinformation and increased threats to press freedom, support for independent journalism is more important than ever. Media is essential to the functioning of a democratic society. Please donate today, so we can keep delivering urgent reporting on the world’s most pressing issues. Every dollar makes a difference. Thank you so much!

Democracy Now!
Amy Goodman

Non-commercial news needs your support.

We rely on contributions from you, our viewers and listeners to do our work. If you visit us daily or weekly or even just once a month, now is a great time to make your monthly contribution.

Please do your part today.

Donate

Stocks Plunge as Trump Assails Federal Reserve

HeadlineDec 26, 2018

On Wall Street, the stock market plunged more than 650 points on Monday, marking the worst December decline since the Great Depression of the 1930s. The latest selloff came after Treasury Secretary Steven Mnuchin spooked investors after revealing he’d spoken to the CEOs of the six largest U.S. banks in a bid to shore up confidence over the economy. This came as Trump renewed his attack on the Federal Reserve and openly criticized its chair, Jerome Powell, whom he appointed. On Christmas Eve, Trump tweeted, “The only problem our economy has is the Fed. They don’t have a feel for the Market, they don’t understand necessary Trade Wars or Strong Dollars or even Democrat Shutdowns over Borders.” We’ll have more on the Trump administration and growing economic turmoil after headlines with economist Richard Wolff.

The original content of this program is licensed under a Creative Commons Attribution-Noncommercial-No Derivative Works 3.0 United States License. Please attribute legal copies of this work to democracynow.org. Some of the work(s) that this program incorporates, however, may be separately licensed. For further information or additional permissions, contact us.

Non-commercial news needs your support

We rely on contributions from our viewers and listeners to do our work.
Please do your part today.
Make a donation
Top