Analysis: Trump’s Stephen Moore and Herman Cain debacle
By Aaron Blake Aaron Blake Senior political reporter, writing for The Fix Email Bio Follow May 2 at 2:17 PM For the second time in 10 days, one of President Trump’s picks for the Federal Reserve has pulled out of consideration because Republican senators said they wouldn’t confirm him. First it was Herman Cain. Now it’s Stephen Moore.
Moore and Cain don’t just share messy paper trails. They also happen to have taken a position that was out of step with most top economists but very much in step with Trump: They both talked about cutting the Fed’s interest rates. Those rates have been intermittently rising, and Trump has routinely attacked Fed Chairman Jerome H. Powell for the hikes, suggesting it has hampered the progress of Trump’s economy.
Stephen Moore and Herman Cain. Robert Brusca, the chief economist at the consulting firm Fact and Opinion Economics, put it this way: “Trump’s other nominees for the Fed were eminently qualified people, but all of a sudden, Trump has gone off the rails with Stephen Moore and Herman Cain.” Moore tried to combat this perception, telling the New York Times he wouldn’t be a “sycophant” for Trump. But it lingered for some senators.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Trumps file new lawsuit to keep finances hidden from investigatorsAs a rule, when Trump World acts as if it has something to hide, it's because Trump World has something to hide.
Read more »
Pressed on Trumps' response to white nationalism, Kellyanne Conway brings up Ocasio-Cortez, Hillary, NY Times'That is darn-near perfection, when you're calling out KKK, neo-Nazis and you're saying there were people there who hadn't signed up for that,' said Conway.
Read more »
Trumps, Pences leave Teacher of the Year ceremony to DeVosThe annual Teacher of the Year ceremony will be hosted by Education Secretary Betsy DeVos on the White House grounds Monday afternoon, a White House official said.
Read more »
Trumps sue to quash Deutsche Bank, Capital One subpoenasDeutsche Bank has continued to lend money to the president when other banks have refused. Trump wrote a check to Michael Cohen on his Capital One account.
Read more »
Trumps and Businesses Sue Deutsche Bank and Capital OnePresident Trump, three of his children and his real-estate businessfiled a federal lawsuit to block Deutsche Bank and Capital One from complying with congressional subpoenas for documents related to him and his family.
Read more »
Trump sues Deutsche Bank and Capital One in attempt to block congressional subpoenasThe Trumps want a federal judge to declare the subpoenas unlawful and enforceable. The lawsuit also seeks to block Deutsche Bank and Capital One from disclosing information and complying with the subpoenas.
Read more »
White House is 'reviewing' Trump Fed pick Stephen Moore's controversial past writingsWhite House press secretary Sarah Sanders confirmed Monday that the administration is currently reviewing the past writings of conservative economics pundit Stephen Moore, Trump's pick to join the Federal Reserve Board. Moore's writings have been criticized for denigrating women.
Read more »
Trump Fed pick Stephen Moore’s worry about declining “male earnings” criticized as “chauvantistic retrograde view”“Practically the only reason that middle class incomes have not stagnated is because of women,” said Anne Kim of The Progressive Policy Institute.
Read more »