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Home / US / Larry Kudlow says the Fed is independent and the president is not dictating policy to central bank

Larry Kudlow says the Fed is independent and the president is not dictating policy to central bank



One day after President Donald Trump called the Federal Reserve "Reserve", his best economic adviser said the White House was not trying to influence monetary policy.

1; there is nothing new here for what I can say," Kudlow told CNBC "Squawk on the Street". We all know the Fed is independent. The president is not dictating the Fed policy. He has not said anything so far. "

The discussion came the day after the Dow Jones Industrial Average fell by more than 800 points amid concerns about rising interest rates, the intensification of the trade battle with China and a number of others. The weakness of the market is recorded in a rapidly growing economy and the unemployment rate at almost 50 years

At the beginning of the day Trump told Fox News that "this is the the strongest economy we have ever had. "

Kudlow reiterated the president's belief that the current conditions are sound and said that the withdrawal of the stock market should not be considered as a reflection on what is happening with growth. [19659003] "My opinion is that this is a normal correction in a bull market," he said. "Economic numbers are superb across the board."

Stock market averages were mixed in morning trading after futures had no high losses indicated.


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