Red Lake Nation News - Babaamaajimowinan (Telling of news in different places)

After Dow sinks 831 points, Trump says Federal Reserve 'has gone crazy,' calls the drop a correction


October 11, 2018

NEW YORK — U.S. stocks plunged Wednesday as investors, fearful that rising interest rates and trade tensions could hurt company profits, ramped up their selling of high-flying technology and internet stocks. The Dow Jones Industrial Average fell 831 points, its worst loss in eight months.

President Donald Trump joined the ranks of interest rate critics late Wednesday. Trump told reporters that he believes the Federal Reserve "is making a mistake" with its campaign of rate increases.


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