Good if Fed lowers rate in Sept. and Oct., White House's Kudlow tells Bloomberg
- Country:
- United States
White House economic adviser Larry Kudlow told Bloomberg Television on Friday that he would welcome the Federal Reserve lowering interest rates this fall, adding that the monetary policy has limited U.S. economic growth.
"Market is telling us the Fed is going to lower rates in September and October. I think that's a good thing," Kudlow said. "We shouldn't have an inverted yield curve. We should normalize that. And I think that if we get to a normal position it will actually help the economy get back above 3%."
(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)
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- Larry Kudlow
- White House
- Bloomberg Television
- Federal Reserve
- US
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