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Thu Jul 11, 2019, 12:44 PM

White House Economic Adviser Larry Kudlow Praises AOC, Wants to Meet with Her on Fed Policy

Reade Pickert, Katia Dmitrieva and Margaret Talev, Bloomberg Published 10:02 a.m. ET July 11, 2019 | Updated 10:06 a.m. ET July 11, 2019

President Donald Trump’s top economic adviser praised left-wing Democrat Alexandria Ocasio-Cortez, after the political rivals found common ground in urging the Federal Reserve not to worry about low unemployment triggering inflation.

“I’ve got to give her high marks for that,” Larry Kudlow told Fox News on Thursday, referring to Ocasio-Cortez’s quizzing of Federal Reserve Chair Jerome Powell in Congress the previous day.

Rep. Alexandria Ocasio-Cortez earned the praise of Trump’s top economic adviser Larry Kudlow when she asked the Fed boss Jerome Powell about the Phillips Curve, a theory used as a guide by monetary policy makers for decades.

Rep. Alexandria Ocasio-Cortez earned the praise of Trump’s top economic adviser Larry Kudlow when she asked the Fed boss Jerome Powell about the Phillips Curve, a theory used as a guide by monetary policy makers for decades. (Photo: Susan Walsh, AP, File)

The New York congresswoman, a rising star in the progressive wing of the Democratic Party, asked the Fed boss about the Phillips Curve, a theory used as a guide by monetary policy makers for decades. It suggests there’s a trade-off between low unemployment and stable prices.

But Ocasio-Cortez said many economists are concerned that the formula “is no longer describing what is happening in today’s economy” – and Powell largely agreed.

“She got it right,” Kudlow told reporters at the White House later on Thursday. “He confirmed that the Phillips Curve is dead. The Fed is going to lower interest rates.”

Kudlow has also criticized the ideas behind the Phillips Curve – and joined his boss Trump in berating the Fed for keeping rates too high. He told Fox that he hopes to sit down with “Ms. AOC” and discuss supply-side economics very soon.

more...

https://www.detroitnews.com/story/news/nation/2019/07/11/larry-kudlow-praises-aoc-wants-meet-fed-policy/39674339/

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Reply White House Economic Adviser Larry Kudlow Praises AOC, Wants to Meet with Her on Fed Policy (Original post)
RCW2014 Jul 2019 OP
Lumster Jul 2019 #1
bernt-toast Jul 2019 #2
RCW2014 Jul 2019 #3
bernt-toast Jul 2019 #4
Grumpy Pickle Jul 2019 #5
Lumster Jul 2019 #6
Lumster Jul 2019 #7
bernt-toast Jul 2019 #9
KittyCatIdiots Jul 2019 #8

Response to RCW2014 (Original post)

Thu Jul 11, 2019, 01:46 PM

1. One assumes Kudlow knows what he's doing, but you never know.

Cortez' ideas are not her own. She is regurgitating what she's been told by her handlers. She's a revolutionary in the Che sense, and her communist handlers purportedly seek overthrow of Congress.

If Kudlow isn't aware of this, someone please ring his bell.

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Response to Lumster (Reply #1)

Thu Jul 11, 2019, 02:07 PM

2. I'm sure he's aware of that

I also suspect that he's smart enough to use and credit her parrot-speak when it works to his -- and Trump's (and our) -- cause.

What better way to tweak the Dem speaker and other establishment dems than by boosting the ego of the little loudmouth lefty nutcase they're trying so hard to squash down.

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Response to bernt-toast (Reply #2)

Thu Jul 11, 2019, 02:32 PM

3. "(and our) -- cause. "

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Response to RCW2014 (Reply #3)

Thu Jul 11, 2019, 02:34 PM

4. I favor lowering interest rates at this juncture

But then I favor full employment and significant growth in wages to help make up for years of stagnation.

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Response to bernt-toast (Reply #4)

Thu Jul 11, 2019, 03:24 PM

5. ...

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Response to bernt-toast (Reply #2)

Thu Jul 11, 2019, 06:23 PM

6. I want to see a good ol' fashion ...

... Pelosi-Cortez death match.

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Response to bernt-toast (Reply #2)

Thu Jul 11, 2019, 08:31 PM

7. So, she's a useful idiot?

The logic in that totally escapes me, being to covert or obscure that virtually anything could mean, well, anything.

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Response to Lumster (Reply #7)

Mon Jul 15, 2019, 02:00 PM

9. yes. a useful idiot to one side

a thorn in the other side

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Response to RCW2014 (Original post)

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