Quantcast
Connect with us

Here’s the bizarre sequence of events that led Trump to offer Stephen Moore a Federal Reserve seat

Published

on

Stephen Moore

President Donald Trump reportedly offered his adviser Stephen Moore a seat on the Federal Reserve board after reading a Wall Street Journal op-ed the economist co-wrote praising his China trade policy and calling for a shrinking of the regulatory body.

Bloomberg News reported Friday that the offer came after Trump’s chief economic adviser Larry Kudlow showed the president Moore’s March 13 Journal column titled “The Fed Is a Threat to Growth.”

According to two people familiar with the scene, Trump told Kudlow “he should have appointed Moore to be Fed chairman” and then directed the economic adviser to call the former CNN commentator to “gauge his interest in a board seat.”

This week, the report noted, the president called Moore himself.

In the op-ed, the economic adviser praised the president’s trade policy.

“The Trump administration appears to be closing in on a trade deal with China, and thus hopefully averting a damaging tariff war,” Moore wrote.

ADVERTISEMENT

He went on to criticize the Fed for standing in the way of American economic growth — an argument he made in a December post at the Heritage Foundation, where he’s a visiting fellow, when he called on Trump to “fire the Fed.”

“The Trump administration’s pro-growth policies have attracted investment from around the globe, triggering a spurt of demand for dollars at the same moment the Fed began sucking dollars out of the economy,” Moore wrote in the March op-ed. “When President Trump fumed that the Fed’s rate increases were smothering his growth policies, he wasn’t entirely wrong.”

Bloomberg noted that Moore also had harsh criticisms of the Fed during a December 22 appearance on a radio show hosted by a billionaire grocery store magnate.

“I believe the people on the Federal Reserve Board should be thrown out for economic malpractice,” Moore told grocery chain billionaire John Catsimatidis.

“Janet Yellen couldn’t have been any worse than the guy he’s got in there now,” he added, referencing current Fed chair Jerome Powell and his predecessor, who was appointed by President Barack Obama. “I always thought he was a bad choice. He’s been a Fed guy for many years. Donald Trump wanted to drain the swamp. The Fed is the swamp.”

Report typos and corrections to [email protected].
READ COMMENTS - JOIN THE DISCUSSION
Continue Reading

Breaking Banner

Viewers revolt after Meghan McCain slurs Joy Behar: ‘Go back to Fox News’

Published

on

Meghan McCain dropped the B-word on air during an argument with Joy Behar, and social media users were just as shocked as the "The View" studio audience.

She and co-host Joy Behar were arguing over Trump supporters when McCain blew up.

“Being the sacrificial Republican every day,” she said. “I’m just trying to — don’t feel bad for me, bitch. I’m paid to do this, okay? Don’t feel bad for me.”

Continue Reading

2020 Election

Florida Republicans concoct a new scheme to make it harder for students to vote

Published

on

Florida Republicans do not want to make voting easy for college students — a demographic that leans heavily Democratic.

Former GOP Secretary of State Ken Detzner, an appointee of Gov. Rick Scott, took that to the extreme in 2014, with an order banning county election officials from setting up any early voting sites on college campuses. Last year, following a lawsuit by the League of Women Voters, federal District Judge Mark Walker struck down that order as an unconstitutional burden on students' voting rights. As a result, some 60,000 people were able to vote early on 11 college campuses in Florida in 2018.

Continue Reading
 

Breaking Banner

Trump flips out over ‘RIGGED’ hearings as Democrats grill Hope Hicks

Published

on

President Donald Trump ranted on Twitter while his former communications director testified before the House Judiciary Committee.

Hope Hicks complied with a congressional subpoena and testified behind closed doors to the Democrat-led panel, and the president raged online as word leaked out that a White House lawyer was objecting to many of the questions about her government service.

"The Dems are very unhappy with the Mueller Report, so after almost 3 years, they want a Redo, or Do Over. This is extreme Presidential Harassment," Trump tweeted. "They gave Crooked Hillary’s people complete Immunity, yet now they bring back Hope Hicks."

Continue Reading
 
 

Copyright © 2019 Raw Story Media, Inc. PO Box 21050, Washington, D.C. 20009 | Masthead | Privacy Policy | For corrections or concerns, please email [email protected]

I need your help.

Investigating Trump's henchmen is a full time job, and I'm trying to bring in new team members to do more exclusive reports. We have more stories coming you'll love. Join me and help restore the power of hard-hitting progressive journalism.

TAKE A LOOK
close-link

Investigating Trump is a full-time job, and I want to add new team members to do more exclusive reports. We have stories coming you'll love. Join me and go ad-free, while restoring the power of hard-hitting progressive journalism.

TAKE A LOOK
close-link