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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?

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    @user070221 - Any US-raised boy of his age would be quite familiar with "loco" from TV westerns.
    – Daniel R Hicks
    Oct 12, 2018 at 21:14
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    This isn't really a strange thing for any American to say. It's not speaking Spanish, as a phrase it's part of American English. It's not the least bit scandalous.
    – Matt Samuel
    Oct 12, 2018 at 23:07
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    Is there a reason to be skeptical that he said this? He says lots of things, as do thousands of other politicians around the world. Sometimes they use expressions you might not hear very often, but ... so what? If the answer was no, what difference would it make to the quote? It's very different from when someone says something offensive, and is called out on it; then, it matters what the words used were.
    – IMSoP
    Oct 13, 2018 at 10:15
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    @user070221 I'm not upset, just bemused. By all means, be skeptical, but this seems an odd detail to spend energy examining. What would be someone's motive in reporting that he said this if he didn't? It seems no more important than what colour shirt he was wearing at the time, unless the entire speech was fabricated.
    – IMSoP
    Oct 13, 2018 at 12:25
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    @user070221 I disagree with those calling it an "odd and outdated expression". I'm an American in my early twenties and I'm familiar with the word. In any case, if you have a question about the currentness or popularity of a word you know where to ask, since the comments section here isn't really the place to be discussing this.
    – Laurel
    Oct 13, 2018 at 18:44

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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.

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