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Tagged stock market losses

As Trump Creates Chaos, Mnuchin Takes Steps to Calm the Markets

Featured News
Mon, Dec 24th, 2018

Donald Trump’s Treasury secretary is seeking to calm stock market investors. They are nervous due to the chaos in Washington that has been caused by his boss. The president shut down key parts of the government, fired the Defense Secretary, and withdrew U.S. troops from Syria without consulting anyone. And then he threatened to fire…

Trump calls stock selloff ‘a correction,’ says Federal Reserve is ‘crazy’

Economy, Featured News, White House
Wed, Oct 10th, 2018

ERIE, Pa. (Reuters) – U.S. President Donald Trump said Wednesday’s stock market selloff was in fact a long awaited “correction,” and that the Federal Reserve, which has been raising U.S. interest rates, has gone “crazy.” Trump‘s use of the word “correction” to describe the selloff could be significant. A stock market correction is defined as…