Global  

Celebrating 10 Years of Trusted News Discovery
One News Page
> >

Trump's Latest Fed Pick

Video Credit: Wochit - Duration: 00:54s - Published < > Embed
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."

0
shares
ShareTweetSavePostSend
 

You Might Like

Environmentally friendly: One News Page is hosted on servers powered solely by renewable energy
© 2019 One News Page Ltd. All Rights Reserved.
About us  |  Contact us  |  Disclaimer  |  Press Room  |  Terms & Conditions  |  Content Accreditation
 RSS  |  News for my Website  |  Free news search widget  |  In the News  |  DMCA / Content Removal  |  Privacy & Data Protection Policy
How are we doing? FeedbackSend us your feedback  |   LIKE us on Facebook   FOLLOW us on Twitter  •  FOLLOW us on Pinterest
One News® is a registered trademark of One News Page Ltd.