Kudlow speaking LIVE: We are draining the international global trading rules swamp


White House economic advisor Larry Kudlow is speaking live in a fireside chat on the U.S. economy and the trade policy at the Peterson Institute for International Economics.

Considering the recent return of risk-off on the back off the USA's continued pursuit of international trade reform, this is extremely harmonious to the current market theme and should be noted - The U.S. is not about to wrap things up and we are n for a long ride - supporting the upside in such assets as gold.

Kudlow says that the overall economic burden of the trade war will shift more to China than U.S.

Key comments

  • We are doing trade negotiations around the world.
  • We are not isolated.
  • We are talking and they are coming our way.
  • We are not going to leave this.  
  • Either you want change or you don't.
  • Trump is a risk taker - So far I think it has paid off.
  • We are draining the international global trading rules swamp
  • I'm a free market guy.
  • Regarding China, institutionally as a nation - they are on the wrong side of history.
  • Overall economic burden of trade war will shift more to China than US.
  • Riots in Hong Kong is an example of what is wrong.
  • We will win this battle.
  • I'm taking the long view. 
  • Government controlism doesn't work.
  • Fed went too far in the 4th quarter - the bond market shows that.

Watch Live

 

 

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility.

Feed news

Latest Forex News

Editors’ Picks

EUR/USD struggles below 1.1100 as Italy's political crisis deepens

EUR/USD is trading below 1.1100. Italy's PM Conte has announced his resignation, deepening the political crisis. Tension is mounting ahead of Fed Powell's speech on Friday.

EUR/USD News

GBP/USD jumps above 1.2100 on Merkel's softer approach to the backstop

GBP/USD is trading above 1.2100, up after German Chancellor Merkel said that practical solutions are needed on the Irish backstop. However, the chances for renegotiation are slim.

GBP/USD News

USD/JPY retraces from 3-day top as risk-on takes a breather

The Asian traders look for further details to extend the USD/JPY pair’s previous run-up as a pullback emerges on the chart around 106.60 heading into Tuesday’s European session.

USD/JPY News

Gold: Bearish outside bar reversal favors drop to $1,480

Gold closed well below $1,504 on Monday, validating the bearish outside bar candlestick pattern created on Friday. A bearish outside bar candle occurs when the price action for a specific day falls outside the high and low of the preceding day.

Gold News

Top 3 Price Prediction Bitcoin, Ripple, Ethereum: Planning the next bullish move after consolidating gains

Trading cryptos is not a one-way street – meteoric unstoppable gains belong to the past. Nevertheless, the bullish sentiment seems to prevail. Digital coins advanced on Monday and are consolidating on Tuesday. 

Read more

MAJORS

Cryptocurrencies

Signatures


  •  
  •  
  •  
  •  
  •