White House economic adviser Larry Kudlow predicted that it is possible the Federal Reserve won’t hike interest rates again during his lifetime.

President Donald Trump and the veteran financial guru and former Ronald Reagan adviser have both been critics of the Fed’s policies under current chairman Jerome Powell.

“As I say, we wish they hadn't raised, I notice from the various reports and so forth that they've changed their view, I don't think rates will rise in the foreseeable future, maybe never again in my lifetime,” Kudlow, 71, said at an event sponsored by The Hill.

“Whether they (rates) will fall, I don't mind them falling,” said Kudlow, the head of the National Economic Council that advises Trump.

Kudlow also reiterated that he disagreed with the Fed’s most recent interest-rate hikes, but that he believes Powell will ultimately “turn out to be a good chairman” for the nation’s central bank. “Speaking personally, he has my confidence,” Kudlow said, praising Powell as a “brilliant, brilliant man.”

Kudlow noted the Fed was an independent central bank and said the Trump administration aimed to keep it that way. “I'm not storming the ramparts, again the Fed is independent,” said Kudlow, who worked as Reagan’s budget deputy between 1981 and 1985.

“That doesn’t mean we can’t express our opinions periodically,” said Kudlow, who served as the Trump campaign's senior economic adviser.

Kudlow also downplayed the idea that the White House and the central bank were at odds when it came to economic policy.

“I’m not sure the differences between the Fed’s worldview and our world view are as big as they are sometimes portrayed,” said Kudlow, the assistant to the president for economic policy.

Material from Reuters has been used in this report.

• Kudlow to Newsmax: Forget Wall Street, 'We're in a Boom'
• Kudlow: Growth Could Top 4 Percent as 'No Recession in Sight'