WH Econ Advisor Kudlow: Fed should ‘immediately’ cut rates

Eren Sengezer FXStreet

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.

Author

Eren Sengezer

FXStreet

As an economist at heart, Eren Sengezer specializes in the assessment of the short-term and long-term impacts of macroeconomic data, central bank policies and political developments on financial assets.

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