You are the Chairman of the Economic Advisory Board (CEA). A powerful place where your decisions are made into policies However, I am in a position to advise anyone, both in conferences and personally.
The current date is July 12, 2019. Today is the day of the House of Representatives hearings for the economic sector.
You are responding to questions from Federal Reserve Chairman Jerome Powell and National Economic Council (NEC) President Larry Kudrow and members of the House of Representatives.
I was there to answer.
The recently announced unemployment rate was very low at 3.7% and consumer price inflation was 2.0%.
Ocasio Cortez, a Democrat, who now wants to change the established order, is Jerome.
This is the order to ask Chairman Powell. She asks if the Philips Cub should be scrapped.
Policies that have historically been associated with raising inflation, such as raising the minimum wage, are now
Rather, insisting it was time to unfold, she asked the chairman for his thoughts.
Jerome Powell hasn't touched the minimum wage issue and has recently been struggling with low unemployment and high inflation.
They said there was little correlation. Kudrow goes one step further and the Philips Curve is more
He said there is room for another rate cut if it no longer applies.
It's your turn to answer.
You are welcome to answer questions from congressmen and support or refute the views of Powell and Kudrow.