HOT Top Trump Official Calls for Immediate Fed Rate Cut

Larry Kudlow and the President

The Trump Administration is off-the-wall inflationist and continues to muscle the Fed toward cutting rates.

In the latest move, White House economic advisor Larry Kudlow says he wants the Fed to cut its overnight lending rate 50 basis points "immediately."

"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," Kudlow tells CNBC.

"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."

They are going to blow price inflation through the roof yet.

-RW