Powell is in WAY over his head: Art Laffer

• Larry Kudlow and guests advocate for Jerome Powell's resignation, citing past Fed mismanagement and accommodation of 'big government socialists' leading to high inflation.
• Art Laffer and Douglas Holtz-Eakin highlight positive economic trends like a shrinking monetary base, rising real interest rates, and a 'supply-side boom' driven by tax cuts and increased productivity.
• Both economists believe inflation is trending down (Core PCE and CPI 3-month changes at 2%) and advocate for continued tight monetary policy to achieve zero inflation, with Laffer expressing excitement about Kevin Warsh as a potential Fed chair.

Economists Art Laffer and Douglas Holtz-Eakin discuss Federal Reserve policy, with Kudlow calling for Jerome Powell's resignation due to past mismanagement and inflation. Laffer and Holtz-Eakin agree on Powell's missteps but express optimism about current economic trends, including a shrinking monetary base, rising real interest rates, and a supply-side boom, which they believe will continue to bring down inflation.