KEY POINTS
  • President Donald Trump continued to attack the Federal Reserve on Thursday, criticizing Chairman Jerome Powell as being too stringent with monetary policy.
  • He blamed the Fed for causing a massive drop in stocks this week.
  • Despite the criticism, Trump says he will not fire Powell.

President Donald Trump continued to attack the Federal Reserve on Thursday, saying Chairman Jerome Powell is being too stringent with monetary policy and is making a mistake.

He blamed the Fed for causing a massive drop in stocks this week that took the Dow Jones Industrial Average down more than 800 points on Wednesday alone. Stocks fell again Thursday.