Kudlow is always bullish on America; hence the name Larry of America was affixed to him back in the 90s. He seems to think the Fed is simply clamming up, scared to do anything. He’s not worried about deflation and wants easy money.
He was happy to reiterate the Fed has been reinvesting MBS, instead of just allowing them to mature. He said if we should ever see that statement removed, “all hell would break loose.”
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