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Trump’s top economic advisor just applauded Alexandria Ocasio-Cortez for her questions about low unemployment to Fed Chair Jerome Powell
  • Economists and leaders on both sides of the aisle are debating if the Phillips curve, a theory which says that unemployment and inflation have an inverse relationship, applies to the US economy. 
  • When questioned by Rep. Alexandria Ocasio-Cortez, Federal Reserve Chairman Jerome Powell said at a congressional hearing that estimates of the lowest sustainable unemployment rate have been too high. 
  • Larry Kudlow, the top economic advisor to President Trump, has also ditched the Phillips curve. 
  • Read more on Markets Insider. 

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Full "The Business Insider: The Money Game" article




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