In an interview on CNBC yesterday following the market close, President Trump said, ‘’I think the Fed is making a mistake. I think the Fed has gone crazy…’’, possibly the third time he has lashed out at their raising of the Fed Funds target. Earlier in the day White House press secretary Sarah Sands had commented on how ‘incredibly strong’ the US economy was despite the stock market sell-off. But the real problem is that on the 3rd October Donald Trump gloated, ‘’the stock market just reached an all-time high during my administration for the 102nd time – a presidential record’’.
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