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The former president made some scary claims about the economy at the same time stock prices were soaring on Thursday.
Now, worries are rising the Fed may have kept its main interest rate at a two-decade high for too long.
Stronger-than-expected profit reports have been one of the main reasons U.S. stock indexes jumped through May to records following their tough April.
The Dow jumped 512 points, or 1.4%, to top 37,000 and surpass its prior peak of 36,799.65 set at the start of last year.
WHAT'S HAPPENING
Rising interest rates, high inflation, the war in Ukraine and a slowdown in Chinas economy have caused investors to reconsider the prices theyre willing to pay for a wide range of stocks.
Stocks notched modest gains after climbing back from a steep slide that had knocked more than 1,200 points off the Dow Jones Industrial Average.
Well, that was weird as s**t. White House reporters were left puzzled after President Donald Trump's impromptu minute-long press briefing.
With a coronavirus sell-off, the Dow Jones has fallen 26% since Larry Kudlow said investors should consider jumping into the market.
Stocks went on a wild ride as investors struggle to gauge the economic impact of the coronavirus outbreak.
The "Late Show" host had Trump on as a guest in 2015 but said that won't happen again.
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