Speaking at a CNBC event
- Price level stability and a steady dollar is what the Fed should aim for
- The Fed has room to reverse the summer rate hike
- The management of the Fed has not been too far from what he expected over the last year
- There is no effort to remove Fed's Powell (PS WH Conway just commented that Trump is not firing Powell although he has the power)
- Trump is worried about other currencies being too weak
- Trump concerned about deliberate currencies weakening
- Trump believe both he and Xi want a trade deal
- India tariffs on American products no longer acceptable
- China expected to move on agricultural purchases even as trade talks move forward
- US team has asked repeatedly for change in Chinese laws, but resistance mounted on either side
- relaxed US government restrictions for Huawei will help company, will be in place for limited time period.
- no time limits on talks with China
Kudlow is dancing around and not really going very far.
