Economics
Kudlow Warns Fed Against Hiking Fast as He Jumps to White House
- ‘Just let it rip, for heaven’s sake,’ he says of U.S. economy
- Fed meets next week with another interest-rate hike expected
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The Federal Reserve’s independence and monetary-policy approach had a White House ally in Gary Cohn. His successor Larry Kudlow may be a different story.
“Just let it rip, for heaven’s sake,” Kudlow said of economic growth in the U.S., during a more than hour-long interview Wednesday on CNBC. “The market’s going to take care of itself. The whole story’s going to take care of itself. The Fed’s going to do what it has to do, but I hope they don’t overdo it.”