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Trump says the Federal Reserve has ‘gone crazy’ by continuing to raise interest rates

  • "I think the Fed is making a mistake. They are so tight. I think the Fed has gone crazy," the president said after walking off Air Force One in Erie, Pennsylvania.
  • The U.S. central bank has raised interest rates three times this year and is largely expected to hike once more before year-end.
  • Fears about rapidly rising rates helped cause the Dow Jones Industrial Average to drop more than 800 points Wednesday.
  • "Actually, it's a correction that we've been waiting for for a long time, but I really disagree with what the Fed is doing," the President added.

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