Trump lashes out at the Fed, says it's the 'only problem our economy has'
President Donald Trump took to Twitter Monday to lash out at the Federal Reserve, saying it's the only problem with the US economy.
"The only problem our economy has is the Fed," Trump tweeted Monday. "They don't have a feel for the Market, they don't understand necessary Trade Wars or Strong Dollars or even Democrat Shutdowns over Borders. The Fed is like a powerful golfer who can't score because he has no touch - he can't putt!"
Monday's attack from Trump comes after US equity markets opened sharply lower in a holiday-shortened session. The Dow Jones Industrial Average was down more than 400 points, or 1.84%. It has shed more than 17% since putting in its record high in September.
On Sunday, Treasury Secretary Steven Mnuchin moved to calm markets by announcing that he spoke to the CEO of the country's six-largest banks and that they reassured him that they have "ample liquidity."
Mnuchin said he would speak with the President's Working Group on financial markets, which includes the the Board of Governors of the Federal Reserve System, the Securities and Exchange Commission, and the Commodity Futures Trading Commission, on Monday.
This story is developing...