Did Trump say “going loco”? The following site as well as other websites state that President Trump used the expression “going loco” referring to the Federal Reserve Bank and their interest rate policy. > “The problem I have is with the Fed,” he told Fox’s Shannon Bream, pushing back on allegations that trade tensions with China were roiling financial markets. “The Fed is going wild. They’re raising rates and it’s ridiculous.” > > Delving further into the nuances of monetary policy, he added that “the Fed is going loco.” I couldn’t find any video in which the President uses such an expression. Did he say it?

**He did** , during a call to Fox News on Wednesday (October 10) evening. See e.g. this video at 0:46.

> The FED is going _loco_ , and there's no reason for them to do it, and I'm not happy about it.

You can also see this on this other video (official Fox News channel) at approximately 20:18.