Axar.az
UP
17 October 2018


Trump says the Federal Reserve has 'gone crazy'

Home page Politics
12 Punto 14 Punto 16 Punto 18 Punto

"I think the Fed is making a mistake. They are so tight. I think the Fed has gone crazy," US president Donald Trump said.

Axar.az informs citing TASS that President Donald Trump knocked the Federal Reserve for continuing to raise interest rates despite some recent market turbulence.

"I think the Fed is making a mistake. They are so tight. I think the Fed has gone crazy," the president said after walking off Air Force One in Erie, Pennsylvania for a rally.

The U.S. central bank has raised interest rates three times this year and is largely expected to hike once more before year-end.

Fears about rapidly rising rates helped cause the Dow Jones Industrial Average to drop more than 800 points Wednesday. The S&P 500 posted its worst day since February and clinched its first five-day losing streak since 2016.

Date
2018.10.11 / 09:31
Author
Axar.az
Comments
See also

'Turkey, UK should sign free trade agreement'

Turkish president to visit Moldova

Yerevan will have to return occupied territories

Germany expects no decision on Brexit deal at EU summit

Macedonia begins negotiations with NATO

Europe urges transparent investigation on Khashoggi

Armenian PM Nikol Pashinyan steps down

MoU between Turkey, Russia on Idlib ‘being implemented’

Turkey may interrogate Saudi officials if needed

Russian, US diplomats discuss Korea

Latest
 
Xocalı soyqırımı — 1992-ci il Bağla
Bize yazin Bağla
ArxivBağla