April 29, 2019 / 4:01 PM / 24 days ago

Slowing inflation may lead Fed to cut interest rates: Kudlow

FILE PHOTO: The Federal Reserve Board building on Constitution Avenue is pictured in Washington, U.S., March 27, 2019. REUTERS/Brendan McDermid/File Photo

WASHINGTON (Reuters) - Slowing inflation may lead the Federal Reserve to cut interest rates, White House economic adviser Larry Kudlow said in a television interview on Monday.

“The Fed is independent, but they have been themselves talking about coming and lowering their inflation target, which might mean a lower interest rate adjustment on their own timetable,” Kudlow said to Fox Business Network.

Reporting by Makini Brice

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