According to Donald Trump, the central bank of the United States, the Fed, are "crazy" to continue tightening the monetary policy.
"They are making a big mistake," Trump said, commenting on the biggest decline that stock markets have suffered in the past seven months.
"I think they are crazy."
For some time now, Trump has expressed disagreement that the Fed is continuing to raise its short-term interest rates with its plan.
But his comments on Wednesday were the first to openly accuse the Fed that the markets have suffered these losses.
"Actually, it's the correction we've been waiting for a long time, but I really do not agree with what they're doing."
In my opinion, if today the indices continue to sell out like last night, we will hear a lot more from the US president. This is neither the first time nor the last one in which a politician accuses the Fed for the declining markets.
Photo: pixabay.com
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