*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
Bodies From Russian Jet Crash Taken For Examination
The bodies of Russian mercenary chief Yevgeny Prigozhin and some of his top lieutenants killed in a Russian jet crash on Wednesday were sent to a nearby facility for medical and forensic analysis, according to Russian media.
Giuliani Turns Himself in on Georgia 2020 Election Charges
The former New York City mayor, charged as former President Donald Trump's chief co-conspirator in a plot to subvert the 2020 election, is charged with Trump and 17 other people under Georgia’s Racketeer Influenced and Corrupt Organizations Act.
Load More