Trump attacks the Fed as "only problem"; The Treasury gathers regulators By Reuters

WASHINGTON (Reuters) – US President Donald Trump attacked the Federal Reserve on Monday, describing the institution as "the only problem" of the US economy and authorities. discussed the volatility of the stock markets caused in part by the dispute between the president and the central bank.

Stocks dropped on Monday at the opening, due to concerns about slowing economic growth, government shutdown and news that Trump

In a tweet that n? has failed to calm the markets on the independence of the Fed, Mr. Trump blamed the economy of the counter economy the wind behind the central bank.

] "The only problem in our economy is the Fed, they have no idea of ​​the market," Trump said on Twitter (NYSE :).

Trump has often criticized the Fed for raising interest rates this year.

The Trump administration held a teleconference Monday between key US regulators to discuss financial markets, the Treasury Department said.

The Treasury Secretary, Steven Mnuchin, will be the host of the Financial Markets Task Force conference, dubbed "The Anti-Dive Team".

Bloomberg News said the regulators told Mnuchin at the conference

The day before, Mnuchin also telephoned the biggest American bankers to obtain the badurance that the banks are able to borrow, said the Treasure.

If Mnuchin's efforts to bring the banks of the banks on their financial health and talk to the authorities who usually meet to deal with a crisis were intended to calm the markets, it was not obvious Monday. Wall Street was traded in red during a shortened session before the Christmas holidays.

The eleven business sectors were in decline and the 30 components of Dow Industrials all fell.

Transactions were modest, however, with markets. closing at 4pm (Brasilia time) before the Christmas holidays.

(By Tim (SA 🙂 Ahmann and Jason Lange)