Larry Kudlow |
How embarrassing.
President Donald Trump’s top economic adviser, National Economic Council Director Larry Kudlow, said today it’s possible the Federal Reserve may not hike interest rates again during his lifetime.
In an interview with The Hill, Kudlow pointed to Fed Chairman Jerome Powell walking back the central bank’s predictions for multiple rate hikes this year and said he agreed with Trump’s diatribes against raising interest rates, calling recent hikes “unnecessary.”
“As I say, we wish they hadn't raised. I notice from the various reports and so forth that they've changed their view. I don't think rates will rise in the foreseeable future, maybe never again in my lifetime,” he said.
“Whether they will fall, I don't mind them falling,” he continued.
Of course, as I am warning in the EPJ Daily Alert, a major uptick in price inflation could occur at any moment and bonds yields are in the early stage of a multi-year uptrend.
-RW
Perhaps he is hinting at a suicide soon?
ReplyDeleteI was thinking the exact same thing!
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