Lawrence Kudlow is the host of CNBC’s Kudlow & Company (M-F, 7pm/ET), a host of WABC's "The Larry Kudlow Radio Show" (Saturdays 10am-1pm/ET), a nationally syndicated columnist and a former Reagan economic advisor. Larry is also a regular guest on Hugh Hewitt's nationally syndicated radio show every Friday night. CNBC's Kudlow & Company also airs on Sirius (ch.129) and XM (ch.127) weeknights at 7pm ET.
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The Dollar and Bernanke s Reputation
Posted on June 16, 2008
Robert Novak s column today argues that Wall Street speculation over Fed rate hikes appears to be dead wrong. Novak says Fed head Ben Bernanke is more worried about spiking oil prices causing recession than he is about inflation.If Novak is right, the central bank is going to suffer a big credibility loss by not acting. Perhaps on word of Novak s column, gold jumped $16 this morning to $889. The greenback itself fell. In the May report released last week, U.S. CPI jumped six-tenths of 1 percent to 4.1 percent over the past year. It has been running around 4 percent for the past six m...
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