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Mubasher: White House economic adviser Larry Codlow praised the Federal Reserve's decision to cut interest rates this week.
The Fed has decided to cut interest rates by 0.25%, for the first time in 10 years, because of external risks related to the US economy.
Kudlo said Friday in an interview with Bloomberg that the central bank was moving in a positive direction after the end of the quantitative tightening.
The Fed has announced the end of the bond reduction program this month, two months before the initial date.
"It's a big step in the right direction and I do not see any inflation," he said.
Kudlo's comments echo President Donald Trump's statement that, although the Fed has hit the markets with frustration, it has at least put an end to quantitative tightening.
In another context, the "Kudlo" that the United States rejected the intervention in the exchange rate.
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