Kevin Hassett, chairperson of the White House Council of Economic Advisers, acknowledged the claim was wrong after media organisations including Bloomberg News published historical data showing the benchmark had been passed many times since 1948.
Administration officials rarely contradict the president in public and nearly never from behind the podium, well aware that Trump prizes loyalty above all else in his employees. "We have just begun", Mr. Trump tweeted.
And while President Trump lying is a daily event, Fox News correcting or chastising him for lying is rare.
"What magic wand do you have?" he asked.
Nicki Minaj BREAKS SILENCE on Cardi B NYFW Feud & Slams Allegations
What are your thoughts on this whole Nicki Cardi B feud? Who do you think is releasing the first diss record? Nicki didn't even respond as security took Cardi B out with one shoe on her foot.
He said, Trump says he is "going to bring all these jobs back, well, how exactly are you going to do that?"
But Trump still hadn't changed his false tweet as of Monday night.
Twitter had fun with Trump's fake news - and the takedown by Fox.
And indeed, most of Hassett's comments were flattering as he praised Trump's record on the economy.
With his most pointed criticism since leaving office 20 months ago, former President Barack Obama broke his silence on US politics in recent days, first on Friday at a college in IL to criticize "the politics of division and resentment and paranoia" of President Donald Trump and supporters in the Republican Party, then on Saturday at a rally in Anaheim while campaigning for seven Democratic congressional candidates. Trump has been in office less than 20 months.