Kudlow: Tech Stocks Still 'Ain't Bad', Even With Correction
*By Carlo Versano*
The White House dispatched chief economic adviser Larry Kudlow to speak to reporters Thursday morning as markets turned deep red in a day marked by volatility and which added to the sell-off in tech stocks.
Kudlow told Cheddar's J.D. Durkin the administration remains bullish on the economy ー and he noted that the tech sector, in particular, was up 50 percent since President Trump's election, "even with this correction."
"That ain't bad," he said.
Kudlow wouldn't disclose whether he advises Trump to speak less critically of the actions of the Federal Reserve ー for which presidents typically reserve a church-and-state type attitude. Trump, for his part, called the Fed "loco" on Wednesday for raising interest rates.
Kudlow told Cheddar: "The advice I give to the president is the advice I give to the president. It's entirely private."
The family of a fallen officer is breaking three decades of silence to defend New York City Mayor Eric Adams, who is under scrutiny, partly over a comment he made in an exclusive interview with News 12.
President Joe Biden is heading to South Carolina on Thursday to make the case that economic measures he pushed through Congress despite stiff Republican opposition are helping to keep the deep red state — and others that voted for Donald Trump in 2020 — humming.
By striking a hyphen and two numerals, he extended an annual per-student funding increase from the next two academic years through the next four centuries.
