Trump Takes Swipe at Fed as Stocks Tumble

The Federal Reserve is not pleasing President Trump with its policy on interest rate increases

U.S. President Donald Trump said Wednesday's stock market sell-off was a correction that was long awaited, and that the Federal Reserve, which has been raising interest rates, has gone "crazy". "But I really disagree with what the Fed is doing, OK?"

"The Fed has gone insane", he told reporters on Wednesday as he arrived in Pennsylvania for a campaign rally.

According to Donald Trump, before departing for another campaign event in Iowa: "well, I like to see low interest rates". The criticism is also unusual given that Jerome Powell, the Fed chairman, was appointed by Mr...

Ice shards 15 metres high 'cover' Jupiter's moon
But all the conditions that create penitentes are present on Europa in more extreme fashion, the researchers argued. Sometime in the early 2020s NASA is planning on launching an orbiter to Europa called the Europa Clipper .

Evans said he estimates neutral to be around 2.75 percent, so "something a little bit above that would be slightly restrictive" and would allow the unemployment rate to rise gradually to a more sustainable level.

Earlier on Tuesday, White House economist Kevin Hassett said the administration respects the Fed's independence and pointed to Trump's nominees to the central bank as evidence of its non-partisan approach to the setting of monetary policy.

Just two hours before, CNBC reported that an unnamed senior White House official told its correspondent that, "This is a bull market correction". He has repeatedly criticised the central bank for raising interest rates this year, decisions aimed at preventing the economy from overheating.

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