Central Bankers Defend Fed After Trump Accuses It of ‘Going Loco’

Central bankers from around the world jumped to the U.S. Federal Reserve’s defense after President Donald Trump accused the central bank of going “loco.”

Trump on Wednesday slammed the Fed as “going loco” for its interest-rate increases this year in comments hours after the worst U.S. stock market sell-off since February. Earlier in the day, Trump said the central bank “has gone crazy.”