Trump downbeat on Fed as markets nosedive

US President Donald Trump on Tuesday marked Christmas with a renewed attack on the central bank over plunging stocks, as he aired a catalogue of grievances in a downbeat gathering at the Oval Office. High on the laundry list was the Democrats, whom he blamed for a partial government shutdown which dragged into its fourth day -- paralyzing key federal services such as national parks -- with no end in sight. With the stock market on track for its worst December since the Great Depression, Trump berated the Federal Reserve for its stewardship of the economy, a regular recent complaint.

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