Larry Kudlow Slams Fed's 'Puny' Rate Cut, Criticizes Anti-Growth Policies

Federal Reserve's Rate Cut Criticism

• 💡 Larry Kudlow describes the Federal Reserve's quarter-point rate cut as 'puny' and questions their monetary policy.
• 🎯 He suggests that Trump appointees on the Fed board, along with new member Myron, should have dissented and called for a 50 basis point cut.
• 🧠 Kudlow believes the FOMC is 'anti-growth' and disagrees with policies like lower taxes and deregulation that aim to grow the economy.
• 📈 The Fed's own projections of 1.8% growth are seen as a sign they don't believe Trump's policies will work or that they underestimate the impact of the AI and productivity revolutions.

Supreme Court and Tariff Case

• 🏛️ Kudlow agrees with concerns that lower courts are obstructing Trump's policies, citing the Fed's actions and mortgage fraud allegations.
• ⚖️ He discusses the upcoming Supreme Court case on Trump's tariffs, noting it's both a foreign policy and trade issue.
• 🌍 The commander-in-chief, not lower courts or Congress, is in charge of foreign policy, suggesting Trump is within his rights regarding tariffs.
• ⚠️ A rejection of tariffs by the Supreme Court could lead to monetary and fiscal chaos, especially regarding the potential rebate of tariff revenues.
• 🤝 Kudlow anticipates the Supreme Court will take a pragmatic view, allowing the president to conduct foreign and trade policy.