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President Trump’s top economic adviser on Thursday gave Rep. Alexandria Ocasio-Cortez (D-N.Y.) “high marks” for her line of questioning during a hearing a day earlier with Federal Reserve Chairman Jerome Powell.
Larry Kudlow, director of the National Economic Council, praised the first-term congresswoman for pressing Powell on the relevance of the Phillips curve. Ocasio-Cortez argued that the theory, which posits that low unemployment can accelerate inflation, doesn’t capture what’s happening in the economy.
The article goes on to state the following:
Powell responded to Ocasio-Cortez’s questioning by confirming that the economy can handle “much lower unemployment than we thought” without negatively affecting inflation.
“I’ve got to give her high marks for that,” Kudlow said on Fox News. “She got that out of the chairman. By the way, that’s been my position.”
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