In an interview with CNBC, White House economic advisor Larry Kudlow argued that the Fed should ‘immediately’ cut rates.
Key quotes (via Reuters)
- Trump would like Fed to stop shrinking balance sheet.
- There is no economic emergency, just presenting point of view on Fed policy.
- White House thinks Fed went too far with rate hikes.
- Our view is that at some point I wouldn’t mind seeing the Fed drop their target rate.
- I don’t think the underlying economy is slowing.
- Many people surprised by low inflation rate.
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