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Kudlow says Trump isn’t dictating policy to the Federal Reserve … MARKETWATCH October 11, 2018 at 04:15PM

Kudlow says Trump isn’t dictating policy to the Federal Reserve … MARKETWATCH

 

Kudlow says Trump isn’t dictating policy to the Federal Reserve

By ROBERT SCHROEDER

President Donald Trump isn’t dictating policy to the Federal Reserve, National Economic Council Director Larry Kudlow said Thursday on CNBC.

Kudlow was responding to questions about the president’s characterization of the central bank raising interest rates as “crazy.”

Trump said Thursday the Fed was “getting a little too cute” when asked about Wednesday’s stock-market rout.

Kudlow said that the Fed is independent. Stock market corrections “come and go,” he said, and called the U.S. economy the hottest in the world.

“We are crushing it,” he told the network.

 

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