Larry Kudlow

Larry Kudlow wants the Fed to cut rates

Larry Kudlow at the White House.
Photo by Nicholas Kamm/AFP via Getty Images.

White House economic adviser Larry Kudlow on Friday told Axios that he wants the Federal Reserve to "immediately" cut interest rates by 50 basis points.

Why it matters: This mirrors comments by Stephen Moore, who President Trump is expected to nominate to the Fed's board, but is the first time it has been said publicly by a White House official.

Trump to ask Congress for $8.6 billion in new wall funding

President Donald Trump.
Photo: Tom Brenner/Getty Images

White House economic adviser Larry Kudlow confirmed reports that President Trump will ask Congress for $8.6 billion in additional funding to build a border wall as part of his 2020 budget proposal.

Why it matters: The request, first reported by Reuters on Sunday, will certainly provoke another partisan slugfest over wall funding, which led to a historic government shutdown earlier this year and a national emergency declaration after Trump failed to secure funds. The proposal will include $5 billion in funding for the Department of Homeland Security to continue building sections of the wall and $3.6 billion for the Pentagon’s military construction budget, according to Reuters.