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FOX Business host Larry Kudlow says the Federal Reserve has ‘messed up’ the economy on ‘Kudlow.’
The details Fed bungles inflationThe more we need Trump’s tax cuts, and that’s the theme of the riff.
You know what’s bothering the stock market? The Federal Reserve has no monetary compass, and there is still confusion over whether Trump’s tax cuts will be delayed.
There is no way to grow right now in politics and there is no King Dollar ending in Bidenflation in money system, so it is not surprising that stocks are falling every day.
The Dow fell over 1,100 points today – a 10-point daily drop, which is the biggest drop since 1974. As I said, nothing good happened in America in 1974.
In the final days of the 118th Congress, Democrats are still pushing for more spending boondoggles and unnecessary spending — and Republicans still haven’t figured out their way to reconcile taxes and limits for next year when they take over.
TRUMP TREASURY PICK WILL BE ANNOUNCED IF FED CHAIR POWELL FINISHES AT THE SAME TIME
Sen. Tommy Tuberville, R-Ala., is calling for federal spending and says tax reform is a must for ‘Kudlow.’
The Fed also misread the economy because inflation in recent months has gone up, not down, and spending has been stronger than expected. Most of the stimulus comes from Biden’s $2 trillion a year budget and the Fed continues to make money. Chaos reigns.
The Trumpet The marriage market, at least temporarily, is broken. There have been many rumors that President Trump wants an attractive compromise package that includes tax cuts and border protection, but they are still rumors and no deal has been made between the White House and the Senate leadership. The Fed has now chosen only two cuts next year instead of four, and is now predicting higher inflation.
The market and the Fed have become helpless under the guidance of the ignorant. It is a sad state of affairs. They included the jumbo tree cut in September, and included the quarter cut in today’s December sessions. They canceled the November price.
They messed up the predictions. They coordinated and improved their records, and, by the way, they forced a 20% price increase in Middle America over the last four years with no hope that prices would go down because of their wrong and wrong brands.
They should get rid of their surplus by cutting billions of dollars in spending, but they are not doing that, and, of course, the Biden-Schumer politics continue to waste money. Now, President Trump can fix all of that. They will move the tax cuts – the question is when.
The DOGE brothers – aka Elon Musk and Vivek Ramaswamy – have abolished government and cut government spending. Again, it’s a question of when.
Closing the border and deporting illegals to stop crime – that’s coming again… it’s a question of when, but now we have to think about how to make the economy of next year strong in 2025.
I’m not worried about 2026. I’m not worried about 2027. I’m worried about 2025, which starts in a few weeks. The problem can be solved: Cut taxes right away, and cut spending and cut spending, combine it with the border closure package into one big oil reconciliation bill – and do it in the next 100 or 120 days.
This will fatten the middlemen’s purses, restore business capital and deliver the cloud computing benefits that Mr. Trump promised to his union. They are worms.
This article was adapted from Larry Kudlow’s opening remarks on Dec. 18, 2024, edition of “Kudlow.”
