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Trump’s ‘easily confused’ Fed nominee put through the shredder by WaPo business columnist

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Washington Post columnist Catherine Rampell has a history of sparring with Trump Federal Reserve nominee Stephen Moore — most infamously when she caught him red-handed making up numbers during a CNN segment on inflation in the American economy.

In a scathing new column, Rampell puts Moore through the shredder and she argues that he “could inflict more long-term damage than any of Trump’s other nominations” to key positions in government.

Rampell takes particular relish in knifing Moore’s partisan economic analysis, in which he seems to completely change his views on monetary policy depending on which political party is in the White House.

“Moore’s many economic claims over the years have revealed him to be, shall we say, easily confused,” she writes. “A decade ago, as the Fed was battling deflation (that is, price declines) during the financial crisis, Moore preposterously fearmongered that hyperinflation (that is, out-of-control price increases) was nigh: Americans could soon be carting ‘wheelbarrows full’ of cash a la Weimar Germany.”

She then mocks Moore for getting banned from ever writing again for the Kansas City Star after he submitted an op-ed that was riddled with easily disprovable falsehoods.

The real danger in Moore’s nomination, Rampell says, would be in making the Federal Reserve a central bank governed by political considerations over sound monetary policy.

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“None of this bodes well for the future of central bank independence — not just for the remainder of Trump’s presidency, but for either the five or 11 years Moore would serve if he is confirmed by the Senate, depending on which vacancy Trump ultimately nominates him for,” she writes. “Who knows what damage he might be tempted to inflict over that time to make a Republican president look good — or (based on his recommendations during Barack Obama’s presidency) a Democratic one look bad?”

Read the whole op-ed here.

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Trump got talked out of war with Iran — by a Fox News host: report

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President Donald Trump has surrounded himself with war hawks who have been clamoring their whole careers for war with Iran, like National Security Adviser John Bolton and Secretary of State Mike Pompeo. Yet the president has consistently said he opposes war with Iran, even as his administration's self-inflicted escalation brings the region to breaking point.

So why is Trump at odds with his advisers? According to The Daily Beast, there is another person informally advising him against a military engagement: Fox News talk show host Tucker Carlson.

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One Trump tax cut was meant to help the poor — but at least one billionaire ended up winning big

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Under a six-lane span of freeway leading into downtown Baltimore sit what may be the most valuable parking spaces in America.

Lying near a development project controlled by Under Armour’s billionaire CEO Kevin Plank, one of Maryland’s richest men, and Goldman Sachs, the little sliver of land will allow Plank and the other investors to claim what could amount to millions in tax breaks for the project, known as Port Covington.

They have President Donald Trump’s 2017 tax overhaul law to thank. The new law has a provision meant to spur investment into underdeveloped areas, called “opportunity zones.” The idea is to grant lucrative tax breaks to encourage new investment in poor areas around the country, carefully selected by each state’s governor.

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Sarah Huckabee Sanders ‘extremely serious’ about running for Arkansas governor

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Sarah Huckabee Sanders is seriously considering a run for Arkansas governor, according to three sources close to the outgoing White House press secretary.

Sanders and her associates have privately discussed the possibility for months, sometimes jokingly, but those sources said she seems quite interested in running for the position her father, Mike Huckabee, held from 1996 to 2007, reported Politico.

“She’s extremely serious,” said one of those people, who has recently spoken to Sanders about a possible campaign.

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