National Economic Council chairman Larry Kudlow said Friday he thinks the Federal Reserve should immediately cut interest rates by 50 basis points, according...
National Economic Council chairman Larry Kudlow said Friday he thinks the Federal Reserve should immediately cut interest rates by 50 basis points, according to Axios. Kudlow said he would love to see easier monetary policy. He said the Fed made a mistake raising its benchmark fed funds rate above 2%. Stephen Moore, the former Wall Street Journal op-ed writer who President Donald Trump wants to nominate to a seat on the Fed board, has also called for a 50 basis point rate cut.
Have breaking news sent to your inbox. Subscribe to MarketWatch's free Bulletin emails. Sign up here.
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Kudlow says U.S. could lift some tariffs on China as part of trade dealWhite House economic adviser Larry Kudlow said on Thursday the United States cou...
Read more »
Dallas Fed President: Too Soon for Fed to Consider Cutting RatesSome Federal Reserve officials are saying it is too soon to consider cutting U.S. interest rates, despite rising market speculation of such a move because of slowing global growth.
Read more »
Fed Chairman Powell Keeps Peddling A Dangerous Economic MythFed Chairman Jerome Powell and other top policymakers need to stop blaming educational differences for rising income inequality.
Read more »
Wharton's Jeremy Siegel: Fed should think about lowering ratesThe Fed made a policy mistake by raising interest rates in December, Wharton Professor Jeremy Siegel says. 'It makes no sense for the Fed funds rate to be exactly the same as the 10-year bond. It should be lower.'
Read more »
Fed done raising interest rates; significant chance of cut in 2020: Reuters pollThe U.S. Federal Reserve is done raising interest rates until at least the end o...
Read more »
Likely Fed nominee Stephen Moore thinks rates should be cut by half a percentage pointThe Heritage Foundation fellow backed off on earlier criticism he had for the Fed and specifically its chairman, Jerome Powell.
Read more »
Fed may raise rates, or cut them, Bostic saysThe Federal Reserve's patient approach to monetary policy does not mean the...
Read more »
Fed should consider holding more short-term bonds: RosengrenThe U.S. Federal Reserve should consider raising the proportion of short-term Tr...
Read more »