In a CNBC interview, National Economic Council Director Larry Kudlow referred to Trump’s attack on Fed and said “The president has his own views. He’s stated them many times. There’s nothing new here as far as I can tell.” But Kudlow also added “We all know the Fed is independent. The president is not dictating policy to the Fed. He didn’t say anything remotely like that.”

Kudlow described the stock market fall yesterday is a “normal correction in a bull market”. And he emphasized “the economic numbers are superb across the board.” Also, he said “We are the hottest economy in the world right now. We’re crushing it … Europe is slowing down. Asia is slowing down. We are moving rapidly.”

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