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White House advisor Larry Kudlow says Fed should ‘immediately’ cut rates Larry Kudlow, Director of the United States National Economic Council. Top White House economic advisor Larry Kudlow wants the Federal Reserve to “immediately” cut interest rates by 50 basis points.
“I am echoing the president’s view – he’s not been bashful about that view – he would also like the Fed to cease shrinking its balance sheet. And I concur with that view,” Kudlow told CNBC Friday.
“Looking at some of the indicators — I mean the economy looks fundamentally quite healthy, we just don’t want that threat,” he added. “There’s no inflation out there, so I think the Fed’s actions were probably overdone.”
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