Trump says Federal Reserve 'out of control'
By Lalit K Jha
Washington, Oct 12 (PTI) President Donald Trump has intensified his attack on the US Federal Reserve following this week's plunge in stock prices, saying the central bank is "out of control" in raising interest rates, but ruled out firing its head Jerome Powell.
Trump's remarks on Thursday were the latest in series of recent barrages he has unleashed at the Fed.
The Fed under his hand-picked chairman Powell has been gradually raising rates as the economy has strengthened to prevent a run-up in inflation.
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