Kudlow: Trump would like the Fed to stop shrinking balance sheet
Now the commander in chief is dabbling in the finer points of monetary policy?
- White House thinks Fed went too far with rate hikes
- At some point I wouldn't mind seeing the Fed cut rates
- I don't think the underlying economy is slowing
- Many people surprised by low inflation
There is a gigantic cognitive dissonance in saying that growth is supercharged and promising +4% GDP while simultaneously arguing that 2.25% interest rates are crippling. Then again, these guys aren't strong on the cognitive harmony.