Trump calls stock sell-off a correction, says Fed 'crazy'
President Donald Trump/Screenshot

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