Rep. Alexandria Ocasio-Cortez (D-NY) just gained approval from an unlikely ally: National Economic Council Director Larry Kudlow.
During an interview with “Fox & Friends” Thursday morning, Kudlow had nothing but nice things to say about the Democratic freshman after she challenged Federal Reserve Chair Jay Powell on the Phillips Curve — an economic theory that suggests that low unemployment pushes wages up faster and accelerates inflation as a result — during a congressional hearing Wednesday.
Ocasio-Cortez told Powell at the hearing that the theory “is no longer describing what is happening in today’s economy,” and Powell agreed.
“I got to give her high marks for that,” Kudlow said, arguing that Ocasio-Cortez shares his and President Donald Trump’s position of “strong growth” not causing inflation and higher interest rates. “Looks like the Fed is going to cut their rates.”
Kudlow then said that “nobody in life is all good or all bad” and that he had to “give hats off to Ms. AOC.”
“I’m hoping she and I can sit down to talk supply-side economics very soon,” Kudlow said.
Watch Kudlow sing AOC’s praises below:
Larry Kudlow gives "hats off to Ms. AOC" for challenging Fed Reserve chair Powell on the Phillips Curve. pic.twitter.com/WKSe8v8sTg
— TPM Livewire (@TPMLiveWire) July 11, 2019