Trump says Federal Reserve ‘has gone crazy’ after big stock drop
12 Octobre, 2018, 00:15 | Auteur: Auguste Feret
"I think they're making a big mistake", Trump said during a broadcast of Fox & Friends.
Mr. Trump said earlier this week that he thought the central bank was moving too quickly with a series of planned interest rate hikes.
On Thursday, the president launched into a third day of verbal abuse of the central bank.
Lagarde's comments came as a global market sell-off rolled on following Trump's comments, underscoring rising financial volatility that the International Monetary Fund will address at its annual meetings this week in Bali.
"I find myself in general agreement with Trump on his criticism of the Fed, which is that raising interest rates now doesn't seem necessary", Moore said.
"Actually it's a correction that we have been waiting for, for a long time", he continued.
On Wednesday, he discounted the stock market's plunge - with the Dow Jones industrial average falling 831 points. "The trade war with China, we're taking in billions of dollars in tariffs from China, from Chinese goods, and it hasn't hurt us at all". The IMF projections don't take into account Trump's threat to expand the tariffs to effectively all of the more than $500 billion in goods the US bought from China previous year.
The Federal Reserve has steadily tightened monetary policy amid an economic boom in the United States, something Trump has repeatedly criticized.
"Part of President Trump's brand is he says what he thinks, but he respects the independence of the Fed and that's clear from his nominations", Hassett said at Council on Foreign Relations on Tuesday.
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The report recommended emerging economies take steps to insulate themselves from a further exodus of funds from investors. The report was written before the United States, Canada and Mexico finalized an updated trade deal.
Trump on Thursday also indicated that the Fed's policies were harming him personally.
"The markets are fraught with peril", warned Stephen Innes, head of trading at OANDA, adding there was a "horrible intersection of risk aversion" from the US-China trade conflict and rising US interest rates.
"The problem that I have is with the Fed".
On Wednesday, the Dow plunged more than 830 points as investors anxious that rising interest rates might slow economic growth.
White House Press Secretary Sarah Sanders issued a statement on the drop as well.
White House economic adviser Larry Kudlow on Thursday said Trump's opinions had no weight on the Fed's actions.
And while he acknowledged higher rates helped savers, he criticized the Federal Reserve's tactics as "too aggressive".
"The fundamentals and future of the US economy remain incredibly strong", Sanders said in a statement. At just over 2 per cent, the Fed's short-term policy rate remains low by historic standards, and most indexes of borrowing costs and credit flows still regard broader financial conditions as "loose" and conducive to economic growth.
"It's had a big impact", Trump said in a Fox News interview.
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Garland had been nominated to the Supreme Court by President Barack Obama, but Senate Republicans never acted on the nomination. Each federal court has a so-called "judicial council" to investigate conduct complaints and make disciplinary recommendations.
Erdogan told reporters on a flight back from Hungary that Turkey is anxious about the Khashoggi's disappearance. He also said the USA . was working "very closely" with Turkey , "and I think we'll get to the bottom of it".
West, a Chicago native, said he and the president will discuss ways to combat the Windy City's ongoing gun violence epidemic. West said he was diagnosed with bipolar disorder, but then that he was misdiagnosed, and was simply sleep-deprived.
C'était sur la chaîne de météo locale Spectrum News Kentucky et la vidéo avait été "très bien accueillie", selon ses termes. La séquence filmée le 5 octobre dernier a été vue 1.2 millions de fois sur Facebook et commenté des milliers de fois.
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The Nasdaq composite, which has a large contingent of technology stocks, was 4.1 percent lower at 7,422.05. Tokyo's Nikkei 225 gave up 3.9% to 22,591.10 and the Shanghai Composite lost 4.3% to 2,607.44.
Health and Human Services Secretary Alex Azar says the bills give patients the right to know about ways to pay the lowest price. On Wednesday, the president signed two pieces of legislation aimed at increasing transparency in prescription pricing.
Dow industrials sink 831 points as tech stocks plunge
Amazon has soared 50 percent this year, but its stock has fallen 14 percent from its all-time high in early September. Technology companies were among the losers, with the Nasdaq Composite dropping more than 2% to 7,575.34.