قالب وردپرس درنا توس
Home / Business / Kudlow: Fed can't hike the interest rate "in my life"

Kudlow: Fed can't hike the interest rate "in my life"




  Larry Kudlow "title =" Larry Kudlow "/> </source></source></source></source></picture></div><figcaption>
<p>
                  White House Science Advisor, Larry Kudlow, speaks on a phone outside a fundraiser for President Donald Trump Wednesday in San Antonio. | Evan Vucci / AP Photo </p>
</figcaption></figure>
</p></div>
<p>  President Donald Trump's chief financial advisor said on Thursday that the Federal Reserve may not be able to retract interest rates during his lifetime. </p>
<p>  In an interview with The Hill, finance director Larry Kudlow pointed to Fed leader Jerome Powell on return to the central bank's predictions for more rate hikes this year and said he agreed with Trump's frequent diatribes against raising interest rates and calling the last few trips "unnecessary." </p><div><script async src=

The story continues under

"As I say, we want that they had not traveled, I notice from the various reports and so on that they have changed their views, I do not think prices will rise in the foreseeable future, perhaps never again in my life, says the 71-year-old gene by Powe ll and Fed vice president Richard Clarida.

"Whether they want to fall, I don't care to fall," he continued and rushed to add to the claim that he was not trying to undermine Fed's independence. "I don't storm the ramparts, again the Fed is independent."

But while repeatedly arguing that the purpose of the Fed remains isolated from political influence, a question raised by Trump's frequent public criticism of Powell, he defended the president's breaks with the Fed boss.

"That doesn't mean we can't express our opinions periodically," Kudlow said.

He insisted that Powell was not on the White House block, indirectly refuting reports that Trump is dissatisfied with Powell among a possible economic downturn that could cut into the 2020 re-announcement.

"He speaks personally, he has confidence in me," said Kudlow, and predicted that Powell would "prove to be a good leader" and praise him as a "brilliant, brilliant man."

But he also dropped the idea that the White House and the central bank were in odds when it came to economic policy.

"I am not sure that the differences between the Fed's worldview and our worldview are as large as they are sometimes portrayed," he said.


Source link