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Trump's Latest Fed Pick

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Trump's Latest Fed Pick

Trump's Latest Fed Pick

According to Business Insider, A political ally to President Donald Trump and an outspoken critic of the Federal Reserve, Stephen Moore has raised a litany of concerns following his nomination for an open seat on the Board of Governors.

The biggest concern most economists have is that Moore has pushed officials to target commodity prices when setting interest rates, an approach rejected by economists from across the political spectrum.

Jeffrey Frankel, an economist at Harvard University’s Kennedy School of Government said, “"Stephen Moore has one of the worst records of espousing destabilizing pro-cyclical monetary policy, If anyone is again proposing that the Fed should target commodity prices, that idea is as nuts now as it was in the 1980's."


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