WH Econ Advisor Kudlow: Fed should ‘immediately’ cut rates

In an interview with CNBC, White House economic advisor Larry Kudlow argued that the Fed should ‘immediately’ cut rates.

Key quotes (via Reuters)

• Trump would like Fed to stop shrinking balance sheet.
• There is no economic emergency, just presenting point of view on Fed policy.
• White House thinks Fed went too far with rate hikes.
• Our view is that at some point I wouldn’t mind seeing the Fed drop their target rate.
• I don’t think the underlying economy is slowing.
• Many people surprised by low inflation rate.