President Trump Donald John TrumpSteele Dossier sub-source was subject of FBI counterintelligence probe Pelosi slams Trump executive order on pre-existing conditions: It 'isn't worth the paper it's signed on' Trump 'no longer angry' at Romney because of Supreme Court stance MORE's top economic adviser on Thursday gave Rep. Alexandria Ocasio-Cortez Alexandria Ocasio-CortezOn The Money: Anxious Democrats push for vote on COVID-19 aid | Pelosi, Mnuchin ready to restart talks | Weekly jobless claims increase | Senate treads close to shutdown deadline McCarthy says there will be a peaceful transition if Biden wins Anxious Democrats amp up pressure for vote on COVID-19 aid MORE (D-N.Y.) "high marks" for her line of questioning during a hearing a day earlier with Federal Reserve Chairman Jerome Powell.

Larry Kudlow Larry KudlowMORE, director of the National Economic Council, praised the first-term congresswoman for pressing Powell on the relevance of the Phillips curve. Ocasio-Cortez argued that the theory, which posits that low unemployment can accelerate inflation, doesn't capture what's happening in the economy.

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Powell responded to Ocasio-Cortez's questioning by confirming that the economy can handle "much lower unemployment than we thought" without negatively affecting inflation.

“I’ve got to give her high marks for that," Kudlow said on Fox News. "She got that out of the chairman. By the way, that’s been my position."

Kudlow quipped that he'd like to sit down with the liberal firebrand to discuss supply-side economics, a model favored by many conservatives that argues tax cuts and deregulation spur economic growth.

"Nobody in life is all good or all bad, and I’ve got to give the hats off," Kudlow said. "Ms. AOC kind of nailed that, and I’m hoping she and I can sit down and talk supply-side economics very soon.”

Powell hinted in his testimony on Wednesday before the House Financial Services Committee that the Federal Reserve will cut interest rates later this month as it faces economic red flags and mounting political pressure.

President Trump has repeatedly criticized Powell for not lowering interest rates, and asserted at various times that he could fire or demote the head of the central bank. While it's legally questionable whether Trump has that authority, his consistent attacks have raised concerns about the independence of the Federal Reserve.