Good If Fed Lowers Rate in September and October, White House’s Kudlow Tells Bloomberg

Carlos Barria/Reuters

White House economic adviser Larry Kudlow told Bloomberg Television on Friday that he would welcome the Federal Reserve lowering interest rates this fall, adding that the monetary policy has limited U.S. economic growth.

“Market is telling us the Fed is going to lower rates in September and October. I think that’s a good thing,” Kudlow said. “We shouldn’t have an inverted yield curve. We should normalize that. And I think that if we get to a normal position it will actually help the economy get back above 3%.”

(Reporting by Lisa Lambert, Editing by Franklin Paul)

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Phyllis Softa
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No, Larry, we SHOULD NOT HAVE an inverted yield curve. By “helping the economy get back to a normal position” you are confusing James. James is still contending that this is the greatest economy ever and liberals are lying. If Kudlow is hoping for the Fed to stimulate the economy, does it make sense that this is the greatest economy ever?? No one ever confused Larry Kudlow as a liberal. When the market celebrates a weak jobs number with higher numbers, it is because they perceive the Fed will be forced to lower the interest rates.

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