With global economy in balance, the White House and Fed are at odds over how to help

With global economy in balance, the White House and Fed are at odds over how to help

Trump and his top advisers want the Fed to do more, but many economists and central bank leaders say the president and Congress must lead on a stimulus package.. On Feb. 25, as Powell began meeting with staff to prepare contingency plans, White House economic adviser Larry Kudlow said the U.S. had an almost "airtight" containment on the outbreak, a day after urging investors to "buy these dips" in the stock market.. The White House hasn't shown consistent support for such stimulus, with Trump and his top advisers showing daylight among themselves.. During the Asian financial crisis, Summers said, it was not unusual for the Treasury to talk to Fed Chair Alan Greenspan multiple times a day along with the International Monetary Fund and the World Bank.. [ Fed makes largest emergency cut to interest rates since the financial crisis ]. As Fed leaders met by video conference that evening to vote on a rate cut, the White House called various Wall Street leaders.. White House officials said the most important step the government can take is cutting interest rates.. [ Airlines, travel and cruise industries hurt by coronavirus could get tax relief from White House ]. The solid working