LARRY: ‘I Think The Fed Is Moving Towards Rate Cuts’
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.