Speaker Nancy Pelosi sharply criticized President Trump’s planned picks for the Federal Reserve, Herman Cain and Stephen Moore, warning that the hyper-partisan duo would be “dangerous” for the economy
President Donald Trump’s planned picks for the Federal Reserve, Herman Cain and Stephen Moore, warning that the hyperpartisan duo would be “dangerous” for the economy.
“With stiff competition, these two appointments to the Fed are the worst, ill-suited appointments that the president could come up with,” Pelosi told reporters at a news briefing on the second day of the House Democratic Caucus retreat. “There are so many bridges too far here, but this is a really dangerous one.”
Democrats and Republicans alike have skewered Cain, a former pizza magnate, and Moore, a former member of the Wall Street Journal editorial board, to the central bank’s coveted board of governors.The stakes are high, Democrats argue, because Trump has repeatedly lashed out Chairman Jerome Powell on Twitter for hiking interest rates and has reportedly threatened to fire him.
“It’s not clear to me whether that’s reality or a 'Saturday Night Live' skit,” House Democratic Caucus Chairman Hakeem Jeffries told reporters Thursday morning. “It’s an embarrassment and the likelihood is that they will be withdrawn.”
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