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.
Florida Senator Moving to Designate “Donald J. Trump Highway” in Honor of 45th President
One of the greatest presidents in American history.
Florida State Senator Anthony Sabatini will move to rename a highway in the state “Donald J. Trump Highway,” in honor of the 45th President.
Sabatini made the announcement in a tweet on Tuesday. US 27 ultimately travels from Miami, Florida, to Fort Wayne, Indiana, traversing the United States from south to north. The segment located in Florida would be renamed after Trump in Sabatini’s proposal.
This legislative session I will be sponsoring an amendment to rename U.S. Highway 27 as the “President Donald J. Trump Highway.” Looking forward to working on this important designation honoring one of the greatest Presidents in American History. pic.twitter.com/x2gNzv8pxv
— Rep. Anthony Sabatini (@AnthonySabatini) January 19, 2021
Public infrastructure is increasingly named after Presidents while they’re in office or shortly after their departure. Several schools and highways have been named after former President Barack Obama less than five years after his departure from office. Every President in recent American history has received a highway named in his honor, usually after leaving office.
Republicans have strong majorities in both of the Florida House of Representatives and Senate, ensuring a strong chance that Sabatini’s highway proposal will ultimately succeed and become law.
President Trump is the first President in history from Florida, having changed his state of residency from New York to the southern state during his term in office. The President is slated to begin his post-presidency life by returning to the state on Wednesday, where it’s expected that he’ll reside at his Mar-a-Lago resort in Palm Beach.
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