White House Escalates Feud With Fed
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Most recent Trump administration request for more economic stimulus comes just after robust jobs report.
Top White House and Federal Reserve officials squared off over interest rates Friday in a public clash over how to manage the economy at a time of strong growth and historically low unemployment.
Vice President Mike Pence and White House National Economic Council Director Lawrence Kudlow—echoing President Trump’s comments Tuesday—called on the Fed to lower interest rates, saying the economy’s engine could handle more fuel.
“The economy is roaring,” Mr. Pence said Friday in a CNBC interview, not long after the Labor Department reported the jobless rate had fallen to 3.6% in April, the lowest level in 50 years. “This is exactly the time not only to not raise interest rates, but we ought to consider cutting them.”
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