Saturday, February 8, 2020

Trump's Top Economic Adviser Calls for More Fed Interest Rate Cuts

Larry Kudow
President Trump's economic adviser Larry Kudlow on Friday said he "wouldn't mind seeing" the Federal Reserve "be a little bolder" with interest-rate cuts. His comment came in a Fox Business Network interview after host Stuart Varney said stocks "moved down this morning because with such a strong report on jobs, the Federal Reserve is not likely to cut rates, and I think a lot of investors were hoping for a rate cut."

These people are mad. As I have been pointing out in the EPJ Daily Alert, money supply growth at the present time is extremely strong. We are very near a spike in price inflation. A cut in interest rates would mean even more money being pumped into the system--and the eventual spike in price inflation coming sooner and stronger.


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