By Tyler Durden
Hours after accepting President Trump’s offer to become the new director of the President’s National Economic Council, CNBC personality Larry Kudlow returned to his old stomping ground Wednesday afternoon to answer a series of softball questions lazily lobbed by his (soon-to-be-former) colleagues.
About mid-way through the interview, Kudlow was asked about Trump’s views on the dollar. Followers of currency markets will remember the burst of volatility that Treasury Secretary Steven Mnuchin accidentally unleashed when he appeared to disavow the US’s longstanding commitment to its “strong dollar” policy.
First official lie as head of NEC
*KUDLOW: NO REASON TO BELIEVE TRUMP DOESN’T WANT STRONG DOLLAR
— shinebox (@ljzaz) March 14, 2018
His response? “I have no reason to believe the president doesn’t support a strong, stable dollar.”
Trump picks camera-proven Kudlow as top economic aide https://t.co/EBpWmhmLuY
— darryldeanwilliams (@darryldean57) March 14, 2018
The dollar clawed back losses in the afternoon after subdued inflation data, comments from Mario Draghi and the continuing fallout from the abrupt firing of Rex Tillerson forced it lower earlier in the session. It’s unclear how much of an impact Kudlow’s comments had on the dollar. CNBC noted that, typically, commenting …read more