Kudlow said his own conversations made clear that the Fed board was “horrified” by Dudley’s op-ed. Trump has regularly criticized the Fed.
"Somebody had to do this. To me, this is much more important than the economy. It was out of control. They were out of control."
His remarks followed a mixed August jobs report and other readings on the economy that show fallout from President Donald Trump’s trade disputes.
Giustra added that the Fed's reversal of policy this year from hiking to lowering rates, signaled to him the beginning of a bull rally in gold.