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| 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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RW
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