Kudlow: Trump Would Like Fed to Stop Shrinking Balance Sheet

(Updated - March 29, 2019 2:42 PM EDT)

Kudlow: Trump Would Like Fed to Stop Shrinking Balance Sheet

• Reiterates Fed should cut rates 50 bps
• Sees as actions to protect economy
• Doesn't think underlying economy slowing
• Expects U.S. economy to resume 3% growth
• Powell is our chairman, we're not going to displace him
• It's up to Fed, this is our point of view

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