Trump’s choice of former campaign adviser Stephen Moore to serve on the Federal Reserve Board is stirring misgivings among some bankers, who worry that the conservative economist would erode the Fed’s political independence
President Donald .
Moore has picked up support from a handful of Republican senators but most GOP members of the Banking Committee have not yet taken a position at this early stage, including Chairman Mike Crapo , whose backing is crucial.Sign Up Still, Moore, who would fill one of two open seats on the Fed board, has previously cast doubt on the need for the institution to be independent from short-term political considerations, a key element of the central bank’s design that's intended to help it make decisions that are in the long-term interest of the economy.
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Trump to nominate conservative Stephen Moore for Fed board
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moore - MarketWatch.com Search
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Trump reportedly considering Fed critic Stephen Moore for central bank appointmentMoore, 59, current is a visiting fellow at the Heritage Foundation and has been a Trump supporter since the 2016 election.
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Stephen Moore, Trump’s pick for Fed, will be lightning rod for president’s opponentsPresident Donald Trump on Friday named Stephen Moore, an former editorial writer with the Wall Street Journal, for a seat on the Federal Reserve Board.
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