Market / Donald Trump

Trump steps up his attacks on Federal Reserve's rate hikes

Posted On: Oct 11, 2018   |   Posted By: My Sanantonio

WASHINGTON - President Donald Trump on Thursday escalated his attack on the Federal Reserve's interest rate increases, asserting that "the Fed is out of control" and blaming it for this week's plunge in stock prices.
"It's a correction that I think is caused by the Federal Reserve with interest rates," Trump said when asked by reporters in the Oval Office about the stock market swoon.
He added, "We have interest rates going up at a clip that's much faster than certainly a lot of people, including myself, would have anticipated. I think the Fed is out of control.

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