Larry Kudlow, director of the White House's National Economic Council, says Trump 'has every right to put people on the Federal Reserve Board with a different point of view'
New York A top economic adviser to President Donald Trump defended the plan to nominate Stephen Moore and Herman Cain for spots on the Federal Reserve on CNN Sunday.
Larry Kudlow, director of the White House's National Economic Council, told CNN's Jake Tapper on"State of the Union" that Trump"has every right to put people on the Federal Reserve Board with a different point of view."Much like Trump, Moore has criticized the Fed -- and Fed chair Jerome Powell in particular -- for boosting interest rates several times last year. 'use strict';CNN.Videx=CNN.Videx || {};CNN.Videx.mobile={};CNN.INJECTOR.executeFeature.then {CNN.
Trump accused of naming supporters to Fed Reserve Board 02:21The central bank has reversed course on rate hikes and sent signals that no rate hikes are likely this year. That's boosted the stock market back near record levels. But Moore has argued that the Fed should go further and lower rates.Read MoreCain has not explicitly called for rate cuts as of late.
Kudlow on Cain's sexual harassment allegations 02:21Kudlow vehemently denied that this was the case though, telling Tapper that"we aren't interfering with the Fed's independence."Kudlow added that Cain, who dropped out of the 2012 presidential race following allegations of sexual harassment, was in the process of being vetted by the White House.
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