Trump has often criticized the Federal Reserve for hurting the economy.
President Trump greets supporters upon his arrival in West Palm Beach, Fla., on Friday. By Heather Long Heather Long Economics correspondent Email Bio Follow March 22 at 1:12 PM President Trump said Friday that he is picking his close ally Stephen Moore to fill an open seat on the Federal Reserve Board. Trump has repeatedly blamed the Fed for hurting the economy.
“When President Trump fumed that the Fed’s rate increases were smothering his growth policies, he wasn’t entirely wrong,” Moore wrote in the op-ed. “The solution is obvious. The Fed should stabilize the value of the dollar.” “Frankly, if we didn’t have somebody that would raise interest rates and do quantitative tightening, we would have been at over 4 instead of a 3.1,” Trump said in Fox Business interview Friday.
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moore - MarketWatch.com Search
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Trump Says He'll Nominate Stephen Moore to Federal Reserve BoardTrump made the announcement Friday to reporters traveling with him to Palm Beach, Florida, confirming an earlier Bloomberg News report. Moore has emerged as an ardent critic of the Federal Reserve Board under its current chairman, Jerome Powell, who fell out of favor with Trump last year after the Fed
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