Trump cheerleader and Fed critic Stephen Moore tapped for Fed Board job - ForexLive

March 23, 2019 at 01:13AM

Trump has asked former campaign advisor and media mouthpiece Stephen Moore to accept a nomination to serve on the Fed's Board of Governors.

The story has been doing the rounds all day and now the WSJ says he's been offered the job.

Moore recently wrote an article attacking Jerome Powell. He also wrote one on Christmas titled 'Fire the Fed'. The offer is contingent on a background check that could take weeks or months.

Moore for years said rates were too low and would create inflation. Now he says rates are too high.

He's a massive, opportunistic, hypocrite who will undoubtedly further politicize the Fed.

"Donald Trump wanted to drain the swamp," Moore told Catsimatidis. "Well, John, the Fed is the swamp. The big question now that's been debated about is whether Donald Trump has the authority as president to replace the Federal Reserve Chairman.

"The law says he can replace the Federal Reserve Chairman for cause. I would say, well, the cause is that he's wrecking our economy."

The Senate would have to confirm his nomination.

ForexLive