Washington Post columnist Catherine Rampell quickly reminded President Donald Trump’s economic advisor Stephen Moore about his original view of the economy.
On Wednesday, during a panel discussion with CNN’s Pamela Brown, Rampell slammed Moore for his flip-flop view of the economy.
Trump said he blamed the Feds for the plummet in the stock market.
“Is he right to blame the Feds?” Brown asked.
“Conservative economists believe the economy can grow a lot faster,” Moore said. “We want higher wages and we want more people working. The Feds are still under this belief that when you have high levels of growth that it’s going to cause inflation.”
Rampell quickly interrupted Moore and fact-checked him.
“You can’t have it both ways,” she said. “Either you argue that the economy is going gangbusters and, therefore, it is perfectly appropriate for monetary policy to be normalized after about a decade of historically very low rates. Or you say the economy is actually still quite weak and, therefore, we need a more accommodative monetary policy. You can’t have it both ways.”
“Every time we have higher wages, the Fed pulls back on the economy,” Moore responded.
“That’s not what you were saying when we were facing the Great Recession,” Rampell said.
Watch below via CNN.