The Latest: Trump says Fed ‘has gone crazy’ after stock drop

WASHINGTON (AP) — The Latest on President Donald Trump on the campaign trail (all times local):

5:40 p.m.

President Donald Trump says the Federal Reserve “has gone crazy” after a major drop in stock prices Wednesday.

Trump, who has been critical of the central bank’s interest rate increases, tells reporters after landing in Erie, Pennsylvania, that he thinks “the Fed is making a mistake.”

He adds, “I think the Fed has gone crazy.”

But he’s also calling the drop “a correction we’ve been waiting for for a long time.”

U.S. stocks took their worst loss in eight months Wednesday, with the Dow Jones Industrial Average sinking 831 points and the Nasdaq composite logging its biggest loss in more than two years.

Trump has often pointed to stock market records set during his time in office as a measure of his success.


5:30 p.m.

The White House says President Donald Trump is focused on Hurricane Michael even as he travels to Pennsylvania for a fundraiser and rally.

White House spokeswoman Lindsay Walters says Trump spoke with the governors of Georgia and Alabama from aboard Air Force One while traveling from Washington.

He’s set to appear to Erie, where he will rally for Republicans ahead of next month’s midterm elections.

Walters says Trump will continue to get updates on Hurricane Michael, which made landfall in Florida this afternoon.

She says Trump decided not to skip the rally because “thousands of eager people” were already lined up.


4:20 p.m.

President Donald Trump is set to campaign in Pennsylvania as Hurricane Michael pounds Florida’s Panhandle.

Trump headed Wednesday to Erie, where he will rally voters for Republican candidates. Trump told reporters that “thousands of people” were lined up for the event, arguing it wouldn’t be fair to make them go home.

The rally comes as Trump is escalating his attacks on Democrats. Earlier Wednesday, Trump published an op-ed in USA Today that attacked Democrats over “Medicare for All” health care proposals.

Four-term Reps. Mike Kelly and Lou Barletta are expected to attend the rally. Kelly is facing a challenge from Democrat Ron DiNicola, while Barletta is mounting an uphill campaign to unseat two-term Democratic Sen. Bob Casey.


6:30 a.m.

California Sen. Dianne Feinstein, the ranking Democratic member of the Senate Judiciary Committee, is calling President Donald Trump’s remarks about her “ridiculous and an embarrassment.”

At a rally Tuesday night in Iowa, Trump accused Feinstein of leaking a letter written by California professor Christine Blasey Ford alleging Supreme Court Justice Brett Kavanaugh had sexually assaulted her when they were teenagers.

Feinstein has denied her office was the source of the leak.

The Iowa audience responded to Trump’s claim by chanting, “Lock her up!”

Categories: National & International News