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Declaring ‘the Fed has gone crazy,’ Trump increasingly takes aim at U.S. central bank

Trump has been stepping up his verbal attacks on the Fed, breaking with years of tradition during which U.S. presidents and their advisers avoid commenting directly on Fed policy out of respect for the central bank’s independence.

Trump appeared to be complaining that the central bank, which is run by a chairman he appointed several months ago, Jerome H. Powell, is steadily raising interest rates, a normal course of action when an economy is strengthening.


“Four hostile newspapers are more to be feared than a thousand bayonets...” ― Napoléon Bonaparte