Larry Kudlow says Fed chairman is "having a bit of a revolution"
Published Date: 10/17/2018
Source: axios.com
President Trump's top economic advisor Larry Kudlow spoke out about Federal Reserve chairman Jay Powell, in an interview with Fox Business on Wednesday:  Powell is having a bit of a revolution at the Fed.  Hes throwing out the Fed models.  Thats very important.Larry Kudlow, National Economic Council DirectorWhy it matters: President Trump, who nominated Powell, believes the Fed is raising rates too quickly. Kudlow and others maintain that Trump's outspokenness about the Fed doesn't interfere with the central bank's independence, but this quote is puzzling. The White House has not yet responded to a request for clarification.