Jim Young | Reuters
White House Financial Advisor Larry Kudlow addresses journalists during a White House press release in Washington, January 28, 2019.
Financial Advisor to the White House Larry Kudlow wants the Federal Reserve to "immediately" lower interest rates by 50 basis points.
The idea is that Fed's independence allows it to do some times unpopular decisions, like raising interest
Trump said last year that the central bank has "gone crazy" with interest rate increases, owed Powell fordeclines on the stock market and announced he was "not happy" with Powell's "loco" decision to continue walking through 2018.
In response to the president's "loco" comment last October, Kudlow told CNBC that "we all know the Fed is independent. The president does not dictate the policy to the Fed He said nothing remotely like that. "
Kudlow is destroyed to appear on CNBC's" Power Lunch "at 14:30 ET.