Trump taps a strident Powell critic for spot on Fed board
From reuters.com
President Donald Trump on Friday tapped Stephen Moore, a conservative economic commentator and fellow critic of Federal Reserve policy under Chairman Jerome Powell, to join the U.S. central bank’s board of governors, a move that would position a Trump loyalist inside the world’s most important financial institution. Moore, who last year suggested in a radio interview that Trump had cause to fire Powell for “wrecking our economy,” would add a critical and unconventional voice to a collegial committee that unanimously backed Powell in keeping rate hikes on hold this month. The group, many of them PhD economists, often ...
(full story)