LARRY KUDLOW: Mr. Trump, please give us a transformational Fed

Kudos to Fed board members Stephen Miran and Chris Waller for dissenting at today’s Open Market Committee meeting. In favor of lowering the Fed funds by one quarter of a percentage point. The economy is in a disinflationary supply-side boom. Growth is strong, but inflation pressures are actually easing.

Some quick numbers: over the past three months, the core personal consumption expenditures price index has increased only 2.3 percent annually, and has been coming down. The three-month core...