Kudlow says Trump agrees with Powell about growth not causing inflation

Kudlow says Trump agrees with Powell about growth not causing inflation

National Economic Council Director Larry Kudlow on Wednesday argued that, despite a drumbeat of criticism, President Donald Trump actually agrees with Federal Reserve Chairman Jerome Powell. “I think the president actually agrees with Jay Powell of the Fed. We want growth, and growth does not cause inflation,” Kudlow told Fox Business Network. “He’s throwing out the Fed models, and that is very important. And Jay has said, many times, growth doesn’t cause inflation, and that means implicitly, there is no need to spike up interest rates.” Asked whether Trump should be making those comments in public, Kudlow replied: “It’s a free country. Why shouldn’t he?”

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