White House economic adviser Larry Kudlow said that he thinks the Federal Reserve is finally moving toward cutting interest rates after repeatedly imposing rate hikes on the American people to slow President Donald Trump’s economic recovery.
Kudlow made the prediction in an interview Thursday with Newsmax TV:
Kudlow also said that Steve Moore, the conservative movement economist, is still in contention for a seat on the Federal Reserve Board of Governors, after Herman Cain dropped out of the race for the other open seat on the Board.
To his credit, Kudlow defended Herman Cain and always maintained that Cain’s nomination was going forward, never even expressing doubt about it until finally Cain made the decision to drop out rather than endure the attacks from Willard “Mitt” Romney, the New York Times reporter Maggie Haberman, and others in the political class, with a no-doubt dirty confirmation hearing looming.
The Federal Reserve Board of Governors is currently comprised exclusively of white people. Too bad the political class shows their true colors when an outsider poses a threat to their financial oligarchy.
Kudlow’s real legacy will be determined by his dealings with China, alongside President Trump’s trade envoy Steven Mnuchin and Robert Lighthizer. The United States and China have reportedly agreed in principle to eliminate the US-China trade deficit by 2024 with the Chinese buying more than a trillion dollars in additional American goods over the next six years. But the deal is not official yet. Trump’s tariffs stuck China with its worst economic growth figure in 2018 since 1990.
BREAKING: Roger Stone is a Free Man, President Trump Commutes Sentence
The story is developing.
On July 10, 2020, commentator John Cardillo reported that conservative operative Roger Stone received a commutation of his prison sentence from President Donald Trump.
— John Cardillo (@johncardillo) July 10, 2020
Over the past few days, President Trump has considered commuting Roger Stone’s sentence a few days prior to his report to prison.
Stone is expected to report to a federal prison in Jesup, Georgia by July 14 where he will serve out a three year and four month prison sentence for allegedly lying under oath to U.S. elected officials during the politically contrived Russian interference investigation.
Trump has had a relationship with the Republican political operative for decades.
For some time, Trump has discussed the potential of commuting Stone’s sentence.
When asked by reporters earlier on July 10 about reports of his plan to pardon Stone, Trump remarked, “I’ll be looking at it. I think Roger Stone was very unfairly treated, as were many people.”
Reuters reported that back in November 2019, a “Washington jury convicted Stone on all seven criminal counts of obstruction of a congressional investigation, five counts of making false statements to Congress and tampering with a witness.”
The same report added that “Stone was convicted for lying to the House of Representatives Intelligence Committee about his attempts to contact WikiLeaks, the website that released damaging emails about Trump’s 2016 Democratic election rival Hillary Clinton that U.S. intelligence officials have concluded were stolen by Russian hackers.”
Stone’s commutation, while not a full-blown pardon that erases his conviction, is a solid victory for the Rule of Law.
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