Top White House and Federal Reserve officials squared off over interest rates in a public clash over how to manage the economy at a time of strong growth and historically low unemployment
WASHINGTON—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.
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