Stephen Moore, Trump's nominee for a seat on the Federal Reserve board, has called for Chairman Jerome Powell and the Fed's leadership to be removed and argued that the central bank should 'be responsive' to the president
Stephen Moore, President Donald Trump's nominee for a seat on the Federal Reserve board, has called for Chairman Jerome Powell and the Fed's leadership to be removed and argued that the central bank should "be responsive" to the president.
But Moore, a visiting fellow at the Heritage Foundation, is more openly political than the other Fed governors, regularly appearing on cable news to defend the president’s policies and his criticisms of the central bank., a very respected Economist, will be nominated to serve on the Fed Board," Trump tweeted on Friday. "I have known Steve for a long time – and have no doubt he will be an outstanding choice.", a very respected Economist, will be nominated to serve on the Fed Board.
“The last major obstacle to staying on this path is the deflationary monetary policy of the Federal Reserve,” Moore and investor Louis Woodhill wrote, arguing that the Fed’s most recent rate hikes in September and December “caused a severe dollar shortage, a fall in commodity prices, and a rapid slowing of growth — accompanied by wild swings in the stock market.”His selection has spurred public and private criticism, particularly but not exclusively from the left.
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