The Fed: White House’s Kudlow calls for Fed to ‘immediately’ make half-point cut — and then walks it back a bit

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White House National Economic Council Director Larry Kudlow

The White House pressure on the Federal Reserve heated up again on Friday after President Trump’s adviser Larry Kudlow said he wanted the U.S. central bank to “immediately” cut its benchmark interest rate by 50 basis points.

Kudlow’s comments, reported by Axios, echo the view of Stephen Moore, who Trump is expected to nominate to the Fed board. Moore, a former op-ed writer at The Wall Street Journal, has worked with Kudlow in the past.

In an interview on CNBC later Friday, the director of the National Economic Council said he was echoing President Donald Trump’s viewpoint about monetary policy.

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