“Kudlow” host Larry Kudlow said on Wednesday that Treasury Secretary Janet Yellen was right when she said interest rates were rising, acknowledging that the economy was booming and that according to Kudlow , “There is no crisis”.
LARRY KUDLOW: For a brief and brilliant moment, one clear truth emerged from Treasury Secretary Janet Yellen: Interest rates are rising. She was absolutely right – at least for a few hours. Then the White House pounced on her, then pulled her back. I know all about this stuff, I’ve been on both sides of this business. But, by allowing the truth to momentarily escape into the public aether zone, Ms. Yellen acknowledges that the economy is booming. There is no crisis. There is no house on fire. There is no existential threat from global warming. The COVID threat itself is diminishing. We are practically at collective immunity. Businesses open up.
So you know what’s coming. If it ain’t broke, don’t fix it. You know what, I’d be willing to give President Biden half the credit for the boom, even if it’s Trump through low taxes, deregulation, and energy independence. But I’ll go halfway with Mr. Biden if he just wanted to stop now. Please. Stop now.
WATCH THE FULL MONOLOGUE OF LARRY KUDLOW HERE