8/23/2019, 12:21 AM (Source: TeleTrader)
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Kudlow hints at further rate and tax cuts

White House economic adviser Larry Kudlow (pictured) said that money and bond markets are expecting "several" interest rate cuts and that the rumored income tax cut in the United States would be aimed at improving the long-term economic growth.

Kudlow denied that such a measure was considered as a tool to combat the perceived short-term weaknesses in the local economy while hinting that some tax cuts may occur before the upcoming 2020 presidential elections.

In an interview for Fox Business Network, Kudlow also added that trade representatives of Washington and Beijing had productive talks this Wednesday and that he expects Chinese delegation will visit the US in September, as scheduled.

Breaking the News / MA