Schumer and Pelosi accuse Trump of 'plunging country into chaos' as markets tank
Senate Democratic Leader Charles Schumer (N.Y.) and House Democratic Leader Nancy Pelosi (Calif.) are blasting President Trump for "plunging the country into chaos" before Christmas, pointing to a sharp plunge in the stock market amid a government shutdown.
"It's Christmas Eve and President Trump is plunging the country into chaos. The stock market is tanking and the president is waging a personal war on the Federal Reserve - after he just fired the Secretary of Defense," the Democratic leaders said in a statement shortly after markets closed.
The Dow Jones Industrial Average plummeted by 653 points Monday in the worst day of trading on Christmas Eve in history. The S&P 500 and the Nasdaq dropped by similarly large percentages.
U.S. crude oil prices also dropped by nearly 7 percent to an 18-month low, signaling weak demand in the months ahead as economic experts forecast a slowdown in 2019.
Trump appears to have exacerbated the market volatility by attacking the Fed for raising interest rates by a quarter of a percentage point last week, tweeting "the only problem our economy has is the Fed." He also indicated he's looking to fire Federal Reserve Chairman Jerome Powell.
https://www.msn.com/en-us/news/politics/schumer-and-pelosi-accuse-trump-of-plunging-country-into-chaos-as-markets-tank/ar-BBRoDgU?li=BBnb7Kz
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