Kudlow: US on track for economic boom

Politics 10/12/2018, 6:20 PM
Kudlow: US on track for economic boom

The United States is on track for an economic boom, White House economic adviser Larry Kudlow said in an interview with CNBC on Friday. He went on to say that there is no end in sight for growth, underlining that he is currently seeing "the biggest blue collar employment boom since the mid-1980s."

Stock markets are back on track and corrections are occurrences that "come and go," US President Donald Trump top economic advisor stressed. When asked about Trump's confidence in Chairman of the Federal Reserve Jay Powell, Kudlow answered that the president "respects the independence of the Fed."

Yesterday, Kudlow stated that the recent economic developments were result of low tax rates on individuals and businesses and deregulation.

Breaking the News / BM

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