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.”
“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,” Trump told reporters before a political rally in Pennsylvania.
“I think the Fed has gone crazy,” Trump said.
Reporting by Jeff Mason; Writing by Mohammad Zargham; Editing by Kevin Drawbaugh
WATCH: Bob Woodward grilled on HBO about Trump supporters being disconnected from reality on COVID
Pulitzer Prize-winning journalist Bob Woodward was taken to task for failing to warn Americans that Donald Trump's public statements on coronavirus were the exact opposite of what he actually believed.
Axios reporter Jonathan Swan interviewed Woodwood on "Axios on HBO" for an episode that aired on Monday.
Swan noted Woodward recorded Trump admitting that COVID was dangerous on March 19th, but instead of immediately warning America by publishing the bombshell, he saved it for his book Rage -- which was published on September 15th.
Woodward claimed that the world already knew the facts on coronavirus by the 19th of March, but Swan pushed back and pointed out that many of Trump's supporters ignore reality and instead trust Trump -- even when his views are not backed up by science or reality.
‘It was all a hoax’: NYT destroys Trump’s claims of business success — in second blockbuster on his taxes
President Donald Trump's tax returns have resulted in a second bombshell story by The New York Times.
"From the back seat of a stretch limousine heading to meet the first contestants for his new TV show “The Apprentice,” Donald J. Trump bragged that he was a billionaire who had overcome financial hardship. 'I used my brain, I used my negotiating skills and I worked it all out,” he told viewers. “Now, my company is bigger than it ever was and stronger than it ever was.' It was all a hoax," the newspaper reported Monday evening.
Trump campaign accused of ‘laundering’ 170 million — companies linked to Brad Parscale are implicated: report
The Trump campaign may be in legal hot water after a new complaint accused the organization of money laundering.
"The Campaign Legal Center, a nonpartisan campaign finance watchdog group, filed a complaint with the Federal Elections Commission Tuesday accusing the Trump campaign of “laundering” $170 million through numerous companies, some with connections to former Trump campaign manager Brad Parscale," Forbes reported Monday.