Economics
Trump Blames ‘Out of Control’ Fed for Rout But Says He Won’t Fire Powell
- Says Fed ‘too stringent far too fast’ on interest rates
- Fed increased rates for third time this year in September
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President Donald Trump said he won’t fire Federal Reserve Chairman Jerome Powell but blamed an “out of control” U.S. central bank for the worst stock market sell-off since February.
Trump also told reporters in the Oval Office Thursday morning that he knows monetary policy better than the Fed’s leaders and continued criticizing them for interest-rate increases.