In an interview with Bloomberg, White House economic advisor Larry Kudlow argued that there was no need for the Fed to hike rates without inflation. Regarding President Trump’s criticism of the Fed, Kudlow said that Trump was not pressuring the Fed but was expressing his point of view.
Key quotes (via Reuters)
- U.S.-China talks are moving in the right direction, issues remain in talks.
- After today’s U.S.-China talks, top officials on each side will have teleconference talks next week.
- U.S. and China leaders will hold a summit if a good trade deal is reached.
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