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Trump calls stock sell-off a correction, says Fed 'crazy'

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Reuters ERIE, Pa.

ERIE, Pa. (Reuters) - 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 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)

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First Published: Oct 11 2018 | 3:16 AM IST

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