White House adviser says Fed cut is 'step in the right direction'
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White House chief economic advisor Larry Kudlow talks with reporters on the driveway outside the West Wing of the White House in Washington, U.S. August 2, 2019. REUTERS/Carlos Barria
WASHINGTON (Reuters) - White House economic adviser Larry Kudlow on Friday praised the Federal Reserve's decision to lower interest rates this week, saying the central bank was moving in a positive direction.
"The Fed has ended its quantitative tightening. That's a big step in the right direction," Kudlow told reporters at the White House. "I don't see any inflation."
(Reporting by Alexandra Alper; Writing by Makini Brice; Editing by Susan Heavey)
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