White House economic adviser Larry Kudlow on Friday praised the Federal Reserve’s decision to lower interest rates this week, saying the central bank was moving in a positive direction.
“The Fed has ended its quantitative tightening. That’s a big step in the right direction,” Kudlow told reporters at the White House. “I don’t see any inflation.”
(Reporting by Alexandra Alper; Writing by Makini Brice; Editing by Susan Heavey)