*By Carlo Versano* The White House dispatched chief economic adviser Larry Kudlow to speak to reporters Thursday morning as markets turned deep red in a day marked by volatility and which added to the sell-off in tech stocks. Kudlow told Cheddar's J.D. Durkin the administration remains bullish on the economy ー and he noted that the tech sector, in particular, was up 50 percent since President Trump's election, "even with this correction." "That ain't bad," he said. Kudlow wouldn't disclose whether he advises Trump to speak less critically of the actions of the Federal Reserve ー for which presidents typically reserve a church-and-state type attitude. Trump, for his part, called the Fed "loco" on Wednesday for raising interest rates. Kudlow told Cheddar: "The advice I give to the president is the advice I give to the president. It's entirely private."

Share:
More In Politics
Remembrances Pour In for Rosalynn Carter
Former first lady Rosalynn Carter has died at the age of 96. The Carter Center in Atlanta announced that the wife of former President Jimmy Carter died Sunday afternoon at her home in Plains, Georgia, with her family at her side.
Aid to Gaza Halted With Communications Down for a Second Day
Communications systems in the Gaza Strip were down for a second day with no fuel to power the internet and phone networks, causing aid agencies to halt cross-border deliveries of humanitarian supplies even as they warned people may soon face starvation.
Load More