The president has become increasingly stronger in his efforts to influence the Fed, as he and his advisors owe to economic growth beyond the 4 percent annual interest rate that he promised. He has repeatedly criticized his hand-picked Fed leader, Jerome H. Powell, and has described the Fed as a counterweight to his economic policies.
The President's comments came in the middle of an economy that, despite some signs of weakness, continues to do quite as we please. The Ministry of Labor reported on Friday that employers added 196,000 jobs last month, a decline from an unexpectedly inadequate February. Financial analysts examined by FactSet had expected a gain of about 1
[Read more about the March jobs report, which showed a return to solid growth.]
The Fed raised interest rates four times last year, to the current target rate of 2 percent to 2.25 percent, frequently and historically unusual criticism from Mr. Trump in the process.
But the Fed has since derived from what had been a steady March of interest rate hikes, faced with stock market turmoil, rising domestic and global economic risks and pressure from Mr. Trump. The central bank projects a slower pace of economic growth this year than in 2018 and has cut growth forecasts to 2.1 per cent.
At the Fed's last meeting in March, Mr. Powell stressed that the central bank would take a "patient" approach and he did not exclude the interest rate if data showed that the economy was dizzying.
Herr. Kudlow acknowledged that the White House, which has continued to project robust economic growth at home, is being considered for financial distress abroad.
"We are facing a global decline. You know, recession, no doubt," said Kudlow. "Europe is not doing well. Germany itself can be in recession. It worries us."