Tags: kudlow | dollar | gold | investors | economy | currency

Kudlow: It's Good That Gold Is Soft and the Dollar Is Strong

By    |   Monday, 21 May 2018 06:11 PM

White House economic adviser Larry Kudlow applauds the fact that the U.S. dollar is strong while the traditional investment safe-haven of gold has weakened in the wake of the American currency’s robust rally.

Kudlow, National Economic Council director, said while he embraces a fortified U.S. currency, told CNBC that he doesn’t want the rally to get out of hand with a 15 percent or 20 percent surge.

“Gold is soft. The dollar is strong, that's a good thing," Kudlow told CNBC. "To me, it reflects noninflationary growth,” said Kudlow, a veteran financial guru and former Ronald Reagan adviser. 

“A strong dollar attracts investment domestically ... and from around the world,” said Kudlow, who served as the Trump campaign's senior economic adviser.

“Expectations are rising. I don't want to comment on the price or value of the dollar. I'm just going to say it looks steady,” said Kudlow, who worked as Reagan’s budget deputy between 1981 and 1985.

“King Dollar has always been steady. That was my vision when I coined that phrase,” said Kudlow.

“Steady is good. Steady means investors from all around the world come to the U.S. because we are offering them the highest after-tax returns and a safe currency and the rule of law,” said Kudlow.

“And we are in better position now than we've been in many years. Low tax rates. Low regulations,” said Kudlow. “And an attitude that favors success and a rule of law. And the steady currency plays right into that,” Kudlow said.

For his part, President Trump has turned to Twitter to tout his administration's accomplishments.

"Despite the disgusting, illegal and unwarranted Witch Hunt, we have had the most successful first 17 month Administration in U.S. history - by far! Sorry to the Fake News Media and “Haters,” but that’s the way it is!" Trump recently tweeted.

(Newsmax wire services contributed to this report).

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Economy
White House economic adviser Larry Kudlow applauds the fact that the U.S. dollar is strong while the traditional investment safe-haven of gold has weakened in the wake of the American currency’s robust rally.
kudlow, dollar, gold, investors, economy, currency
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2018-11-21
Monday, 21 May 2018 06:11 PM
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