March 29, 2019 / 6:49 PM / 7 months ago

White House wants Fed to reverse on policy -Kudlow

WASHINGTON, March 29 (Reuters) - President Donald Trump’s top economic adviser said on Friday the White House would like to see the Federal Reserve reverse some of its recent rate hikes and stop shrinking its balance sheet.

“I am echoing the president’s view,” National Economic Council Director Larry Kudlow told CNBC, confirming that he had said he would like the U.S. central bank to cut interest rates by a half-percentage point.

“He would also like the Fed to cease shrinking its balance sheet, and I concur with that view,” Kudlow said. (Reporting by Eric Beech; Writing by Tim Ahmann Editing by Chizu Nomiyama)

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