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Trump Pick for Economic Adviser Warns Fed Against Fast Rate Hikes

Kudlow’s views come in stark contrast to his predecessor, who was more circumspect in talking about the central bank.

By Jeanna Smialek & Alister Bull | Updated on March 15, 2018

The Federal Reserve’s independence and monetary-policy approach had a White House ally in Gary Cohn. His successor Larry Kudlow may be a different story.

“Just let it rip, for heaven’s sake,” Kudlow said of economic growth in the U.S., during a more than hour-long interview Wednesday on CNBC. “The market’s going to take care of itself. The whole story’s going to take care of itself. The Fed’s going to do what it has to do, but I hope they don’t overdo it.”

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