Trump Attack on Fed Exacerbates Sell Off

“With stocks extending their slide Monday, President Trump took another swipe at the Federal Reserve, writing on Twitter that the ‘only problem our economy has is the Fed’ as he continued to blame the central bank for recent volatility in the financial markets,” the New York Times reports.

“But Mr. Trump’s comments only exacerbated the sell-off on Wall Street, and stocks were on track for their worst year since 2008 and the largest December decline since the 1930s. The S&P 500 closed down 2.7 percent after a shortened trading session because of the Christmas holiday.”