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Larry Kudlow Is Furious With Bill Dudley – Let’s Discuss
Larry Kudlow stopped by Bloomberg Television during his traditional post-NFP, full-court-press propaganda junket, and although his comments on the jobs report were rather dry, he lit up when Jonathan Ferro asked him about Bill Dudley.
Dudley was in the news last week after penning a controversial Op-Ed that essentially called for the Fed to set about removing Trump from the Oval Office in a kind of coup-by-technocrat.
Although we (and plenty of others) were quick to suggest that Bill would hav
In a year filled with strange and mystifying events/pronouncements, the first Dudley letter stands out as one of the more mystifying. I dunno, maybe, given its direct channel to Wall Street, the NY Fed is primus inter pares, and Dudley was acting on his own. But I find that a little hard to believe: the guy is a born institutionalist. Despite Dudley’s protestations, the more likely explanation is that someone or thing was trying to put a shot across Trump and Navarro’s bow.