Kudlow Says Lack of Inflation Should Lead Fed to Lower Benchmark Rate

The transcript discusses significant changes in economic policies, including tax incentives and deregulation, leading to job growth and strong GDP numbers. It highlights the Federal Reserve's potential shift in interest rate policy due to low inflation and the evolving economic model. The discussion also covers the impact of supply-side incentives on inflation and the economy's overall health.

What does the speaker suggest about the Federal Reserve's approach to interest rates?

In what way does the speaker believe the current economic model differs from the old Phillips curve?