Trump and his appointees should shut up about the Federal Reserve.
Category: Federal Reserve
Trump’s bad pick for the Federal Reserve
That Fed nomination is a really big deal – and a really bad one, telling you a lot about Trump and his party https://t.co/YWiRrxIPjx
— Paul Krugman (@paulkrugman) March 25, 2019
This is the first genuinely bad Trump pick for the Fed. But make no mistake: It's a terrible, horrible, no good, very bad pick. He hasn't gotten a thing right in twenty years, (check the record), and the Senate should not confirm him. https://t.co/q701SriSZz
— Justin Wolfers (@JustinWolfers) March 22, 2019
Scoop on how this went down: At lunch last week, Kudlow showed Trump Stephen Moore’s op-ed in WSJ.
— Jennifer Jacobs (@JenniferJJacobs) March 22, 2019
Trump said: Why didn’t we make him Fed chair.
Kudlow said you could name him to one of open seats.
Trump said call him.
Later Trump called Moore, too.https://t.co/NW7IuewBs5 https://t.co/1Vr20OEiTm
“Former Wall Street Journal editorial page colleagues complained that he was not always careful with economic facts in his writing during the time he worked at the newspaper.” @vtg2 and me on @StephenMoore for the Fed. https://t.co/82qo4AsDUI
— Ben White (@morningmoneyben) March 22, 2019
I just remembered that I was on CNN with Stephen Moore when he said that Doug Jones' support of abortion was morally equivalent to the allegations against Roy Moore. https://t.co/QPZ00PHJvv
— Philip Bump (@pbump) March 27, 2019
Here it is… IRS went after Stephen Moore for $75,328.80 in back taxes on January 29, 2018. pic.twitter.com/GWIpMQdRtC
— Heather Long (@byHeatherLong) March 27, 2019
"'I will be independent,' [Moore] told POLITICO in a phone interview Tuesday night, though he admitted, 'I’m a big fan of Donald Trump’s.'" https://t.co/xdhGAG4mYq
— Daniel W. Drezner (@dandrezner) March 27, 2019
Amazing. Moore isn't just a hack, with terrible judgment. He's a hack who has repeatedly shown himself unable even to get basic facts right 1/ https://t.co/OxCzhbTA0J
— Paul Krugman (@paulkrugman) March 22, 2019
Of note: Moore has only a master's degree in economics. The GOP in 2011 blocked an Obama nominee who had earned a Nobel Memorial Prize in economics. https://t.co/urgy52IMVL
— Glenn Kessler (@GlennKesslerWP) March 22, 2019
"I won the Nobel Prize in economics for my work on unemployment and the labor market. But I am unqualified to serve on the board of the Federal Reserve — at least according to the Republican senators who have blocked my nomination."
— Brendan Duke (@Brendan_Duke) March 22, 2019
-MIT economist Peter Diamond, June 2011 https://t.co/XhJxaeHXd2
And one at mar a Lago. https://t.co/OW7ANvPFeX https://t.co/h5PcNVElhX
— David Fahrenthold (@Fahrenthold) March 22, 2019
Trump just named Stephen Moore—a terrible pick—for the Fed. Here’s Moore getting destroyed in real-time on basic facts by @crampell. pic.twitter.com/7HDrU0jNXi
— Brian Klaas (@brianklaas) March 22, 2019
Trump reportedly wants to put Stephen Moore on the Fed, which Moore says should loosen monetary policy because the Fed policy is causing "deflation." We do NOT actually have deflation right now.
— Catherine Rampell (@crampell) March 22, 2019
I see @BenSasse is continuing his downward intellectual descent. https://t.co/mn5KJ2ggTj
— Daniel W. Drezner (@dandrezner) March 25, 2019
Would Sasse choose a surgeon or a pilot based on who angers the "establishment" the most? Sometimes actual expertise is important. https://t.co/7l9NWX4AH1
— Catherine Rampell (@crampell) March 25, 2019
Steve Moore: “I’m kind of new to this game, frankly, so I’m going to be on a steep learning curve myself about how the Fed operates, how the Federal Reserve makes its decisions.” https://t.co/0fZJlPbhkU via @bpolitics
— David Wessel (@davidmwessel) March 25, 2019
My cat would be a better pick 1/ https://t.co/y0HWBPhxbq
— Paul Krugman (@paulkrugman) March 22, 2019
Of course Donald Trump’s nominee to the Fed is catastrophically hackish.https://t.co/vSvMya49Uy pic.twitter.com/vQvSbvRWol
— Jamison Foser (@jamisonfoser) March 22, 2019
From a Bush 43 appointee: https://t.co/DSOJDnVsQq
— Tom Nichols (@RadioFreeTom) March 24, 2019
Here's no less than Stephen Moore arguing for "Atlas Shrugged" as the blueprint out of the financial crisis in January 2009. His nomination to the Fed must be withdrawn.
— Invictus (@TBPInvictus) March 23, 2019
https://t.co/M0NLCMt3Gd via @WSJ
this emphatic thumbs down from Greg Mankiw – a leading Republican economist – poses a significant problem for Steve Moore’s nomination to the Federal Reserve Board https://t.co/DUOszwYV5F
— John Harwood (@JohnJHarwood) March 23, 2019
Trump wants to fire Jerome Powell
Trump makes everything political and about him. The Federal Reserve should not be subject to politics. He should shut up and leave it alone.
BREAKING: Trump has discussed firing Federal Reserve chief Jerome Powell as his frustration has intensified after this week’s interest-rate increase and months of stock-market losses.
Advisers close to Trump aren’t convinced he will try to do it, but say he wants to.
— Jennifer Jacobs (@JenniferJJacobs) December 22, 2018
Exasperated over the market plunge, Trump asks advisers whether he can fire Federal Reserve Chairman Jerome Powell. https://t.co/kgymiS7FPl
— Shane Harris (@shaneharris) December 23, 2018
Trump blames Mnuchin for Powell pick https://t.co/ePCZTYqYt1
— Maggie Haberman (@maggieNYT) December 23, 2018
Trump reportedly wants to fire Fed head Powell, a move that could wreak havoc on the financial markets https://t.co/gxGYdck8go
— Ali Velshi (@AliVelshi) December 22, 2018
Is Trump criticizing the Fed because of the impact of rate increases on his own finances?
Trump should not be criticizing Jerome Powell, who he appointed to lead the Federal Reserve. One issue is how much of his criticism is motivated by the impact on his own finances.
Every time the Fed raises rates, Trump’s payments on some $340 million in variable-rate loans go up https://t.co/j8pHHlADCB
— Bloomberg Politics (@bpolitics) December 22, 2018