Larry Kudlow: 'I don't think the underlying economy is slowing'

President Donald Trump's top economic advisor Larry Kudlow on Friday said he believes the "underlying" U.S. economy "looks very good."

"I don't think the underlying economy is slowing," Kudlow said on CNBC's "Power Lunch."

Kudlow, the director of Trump's National Economic Council, made the remarks on CNBC shortly after saying in an Axios interview that he wants the Federal Reserve to "immediately" cut U.S. interest rates by half a percentage point.

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