WHEN: Interview Airing Tomorrow, Thursday, April 11, 2019 @ 6:30AM ET
WHERE: CNBC's "Squawk Box"
In a CNBC EXCLUSIVE interview airing tomorrow, Thursday, April 11th on CNBC's "Squawk Box" (M-F 6AM – 9AM) Vice President Mike Pence will sit down with CNBC's Joe Kernen.
The following is the unofficial transcript of excerpts from the interview that ran today on CNBC. All references must be sourced to CNBC.
The full transcript will be released tomorrow following the interview.
VICE PRESIDENT PENCE ON MAYOR PETE BUTTIGIEG
JOE KERNEN: In the news the last couple of days, you've got Mayor Pete Buttigieg is using-- invoking your name to, I guess, highlight a conservative push back to certain LGBT ideas or marriage equality, and the like. Is that fair to use you as the bogeyman in terms of-- to point at you. And would you like to respond? I don't know if you've responded yet.
VICE PRESIDENT MIKE PENCE: Well, look, I worked very closely with Mayor Pete when I was Governor of the state of Indiana. We had a great working relationship. And he's said some things that are critical of my Christian faith and about me personally. And he knows better. He knows me.
JOE KERNEN: What—
VICE PRESIDENT MIKE PENCE: But I get it. You know, it's look-- again, 19 people running for president on that side.
JOE KERNEN: Have you evolved at all, though--
VICE PRESIDENT MIKE PENCE: In a party that's sliding off to the left.
JOE KERNEN: I agree.
VICE PRESIDENT MIKE PENCE: And they're all-- they're all competing with one another for--
JOE KERNEN: But Mr. Vice President--
VICE PRESIDENT MIKE PENCE: --how much more liberal they can be.
JOE KERNEN: --since the year 2000-- have you--
VICE PRESIDENT MIKE PENCE: And so, I get that.
JOE KERNEN: --the country's evolved to some extent, I think, on marriage equality, on gay rights. Have you-- would you say your views have evolved at all since then?
VICE PRESIDENT MIKE PENCE: Look, the Supreme Court has made their decision.
JOE KERNEN: So you-- you accept it as law?
VICE PRESIDENT MIKE PENCE: And when I-- and when I was governor of Indiana we fully implemented that decision into law.
JOE KERNEN: Okay.
VICE PRESIDENT MIKE PENCE: But Joe, I have my Christian values. My family and I have a view of marriage that's informed by our faith. And we stand by that. But that doesn't mean that we're-- that we're critical of anyone else who has a different point of view.
VICE PRESIDENT PENCE ON THE ECONOMY
JOE KERNEN: Larry Kudlow, a colleague of mine, he's been a great friend and great American, obviously, as he likes to—as we like to call him. It-- it says two more -- we need two rate cuts. The President was talking about quantitative easing. If things are so great, I don't-- I don't understand going back to these emergency procedures and things that we did during the financial crisis. We-- at this point people say we don't have dry powder for the next slow down. Why would we cut rates again? Why would we stop, you know, letting the balance sheet roll off?
VICE PRESIDENT MIKE PENCE: You saw the consumer numbers that came out yesterday though, Joe. I mean, there-- there's no evidence of inflation in this economy.
JOE KERNEN: So it's inflation.
VICE PRESIDENT MIKE PENCE: And-- so it's-- we really do believe that-- the, you know, what the President was saying is a quantitative tightening has not been the right approach. That he's spoken out against policies of the Fed over the last two years like-- many Presidents have before him.
JOE KERNEN: Right.
VICE PRESIDENT MIKE PENCE: I mean, this is a president that really does believe that-- that this economy's only starting to grow. I mean, you look at-- you look at nations around the world, nations that we compete with every day. And the President really does believe that 3% is-- is a starting point in this economy.
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