Trump Slams Fed as "Crazy"

Just 1 day after saying he has not met with Powell because he did not want to interfere, Trump slams the Fed as "crazy".

Bloomberg reports Trump Steps Up Fed Pressure With ‘Gone Crazy’ Jab After Sell-off.

President Donald Trump slammed the Federal Reserve as “crazy” for its interest-rate increases this year in comments hours after the worst U.S. stock market sell-off since February.

“The Fed is making a mistake,” he told reporters on Wednesday as he arrived in Pennsylvania for a campaign rally. “They’re so tight. I think the Fed has gone crazy.”

This is fresh on the heels of what I said yesterday in Trump Goes After Fed but Proclaims "I Don't Want to Meddle": Trump Translated

Three-Point Translation

  1. I said I don't want to meddle, but I really do.
  2. I am worried about the stock market.
  3. Please don't sink the stock market before the midterm elections or I may get really nasty.

Mike "Mish" Shedlock

Comments (22)
No. 1-16
Sechel
Sechel

When the market went up it wasn't the Fed, but now that its sold off it is the Fed? Can't look to Trump for logic.He wants the Fed music to continue for 2018 and 2020

27CAV8R
27CAV8R

So, this means there's an outside chance that Trump could abolish the Fed. One can only hope.

Blacklisted
Blacklisted

99% of economist, Fed members, and talking heads have no idea what's taking place, why would Trump?

Bill Fawell
Bill Fawell

TRUMP is RIGHT AGAIN... I hope he backs the Senate into voting for S. 26, The Federal Reserve Transparency Act.

shamrock
shamrock

Trillion dollar deficits in the greatest economy ever? The Fed aren't the only ones who are crazy. Look in the mirror you stupid jackass.