President Donald Trump’s pick to serve on the Federal Reserve Board of Governors, Stephen Moore, might be quite the inflationist if he gets his nomination secured.
In the past, Moore has written that the central banks is too tight, there is a deflation risk, and perhaps interest rates are too low.
Speaking in a New York radio interview, he alluded to his past monetary policy writings that advocate for a rate.
“I’m not going to comment and that’s just because of my situation under nomination. I will say this, that I’ve written publicly before this all came about that I think the Fed is a little bit too tight right now,” he said.
“There is a case to be made possibly for a rate decrease.”
He isn’t a bad selection to helm the Fed because he was selected by Trump. He is a bad pick because he is Moore of the same.
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