On Fox & Friends, Trump's economic advisor claims many at the Fed “seem to believe too many people working and prospering and succeeding is bad”

From the April 15 edition of Fox News' Fox & Friends:

Video file

STEVE DOOCY (CO-HOST): Larry, can you explain why the president's suggestions of Stephen Moore and Howard Cain for the Federal Reserve “have caused such a ruckus” ? I think that was the headline in USA Today this morning. 

LARRY KUDLOW (DIRECTOR, WHITE HOUSE NATIONAL ECONOMIC COUNCIL): Well, I don't know. You know, they're -- I suppose you could say they're unconventional in a sense. I mean, you know President Trump first of all, he is a disruptor. He wants to add some new blood to the Fed -- by the way he's not overturning their independence. He's not going to do that. He has his own views about the Fed. These guys, let me just give -- here's one point. They believe that faster economic growth and lower unemployment, which is what we've had because of the new tax incentives and the regulatory roll back and the opening up of energy and the trade reforms. So what? We picked up growth by a percent to three, unemployment is down, it's been below 4%, wages are rising. Now, they do not believe that causes inflation. That's a key point. Conventional economists, many of whom work at the Fed, seem to believe too many people working and prospering and succeeding is bad. All right? So our guys -- 


KUDLOW: -- these nominees have a completely different view. It's common sense, is it not? 


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