Trump says that “the Fed has gone crazy” after a fall of 3.15% of Wall Street

US President Donald Trump said on Wednesday that the US Federal Reserve (Fed) “has gone crazy” after the notable decline in Wall Street, which the White House tried to play down. Concerned about the session in the New York parquet, Trump considered that it is a “correction that was expected for a long time”, and continued his criticism of the Federal Reserve. “The Fed is making a mistake. “I think the Fed has gone crazy,” he told reporters in Erie, Pennsylvania, where he plans to hold a rally. “There are people who will say that (raising interest rates) gives a lot of security. , and yes, it gives a lot of security and a lot of margin, but I think the Fed has gone crazy, “he added. The Dow Jonesse left more than 830 points on the road this Wednesday, which translates into a decrease of 3.15% , and the S & P 500 lost 3.29%, both percentages are not Since the beginning of last February, the hardest blow was taken by the Nasdaq, where a number of important technology companies are listed, which fell by 4.08%, a fall recorded for the last time in November 2016. The day is a continuation of the negative trend that began in the market last week as a result of the fear that aroused in the investors a rise in the profitability of public debt, combined with the possibility of a new rise in interest rates On the part of the Fed.Trump already criticized hard two weeks ago the third rise of interest rates so far this year, which placed them between 2% and 2.25%, which put the price of money in its highest level since 2008. White House spokeswoman, Sarah Huckabee Sanders, tried to reduce the weight of the stock market crash and stressed that “the base and future of the US economy remain incredibly strong”, highlighting low unemployment and the recent corporate tax cuts. “President Trump’s economic policies are the reasons for these historic successes, and have created a solid foundation for growth to continue,” Sanders said in a statement.

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