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Trump says Fed is ‘the only problem’ of US economy
President Donald Trump has lashed out at the US central bank for stock market turmoil, saying the American economy’s only problem is the Fed itself.
In a tweet, Mr Trump said the Federal Reserve lacks understanding of markets and “necessary trade wars”.
The salvo came as Mr Trump’s treasury secretary scrambles to calm nervous investors.
The Dow Jones fell 400 points on Monday, before recovering slightly. Last week was its worst in a decade.
The sharp decline comes amid a partial government shutdown, US-China trade tensions and reports the…