White House's Kudlow underscores faith in Jerome Powell for Fed chairman's post
- Country:
- United States
White House economic adviser Larry Kudlow said on Thursday that he has confidence in Federal Reserve Chairman Jerome Powell and believes he will turn into a good central bank chairman. At a speaking event, Kudlow also said the White House is sticking by Herman Cain as a candidate for a Federal Reserve Board seat at the moment.
President Donald Trump insists that Cain go through the Senate confirmation process but still supports him, said Kudlow.
(With inputs from agencies.)
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