Alexandria Ocasio-Cortez: Phillips Curve and Reserve Board

alexandria ocasio-cortez: Kudlow praised the liberal hero for challenging Federal Reserve Board of Governors Chairman Jay Powell on the Phillips Curve during a congressional hearing, according to CNN. The Phillips Curve is a long-held economic theory which suggests that low unemployment pushes wages up faster, which in turn accelerates inflation. Alexandria Ocasio-Cortez. Ocasio-Cortez said the long-held theory is no longer describing what is happening in today's economy, and Powell agreed. AOC for her question, saying she kind of nailed that. Kudlow gave Ocasio-Cortez a hats off to Ms. (news.financializer.com). As reported in the news.