Criticism mounts of Trump pick for U.S. Federal Reserve

Criticism mounts of Trump pick for U.S. Federal ReserveEconomists and other critics have expressed concerns about Moore, a conservative economic commentator, and another Trump loyalist nomination to the Fed’s Board of Governors, serving on the traditionally nonpartisan central bank. Warren, a Democrat who is running to challenge Trump in the 2020 election, said Moore had “a long history of making wildly inaccurate claims about economic policy that appear to serve political ends.” “Americans should be able to trust that policymakers … have some command over basic mathematical and economic concepts and allegiance to facts,” she wrote in a letter to Moore. Moore, and fellow Trump nominee Herman Cain, a former restaurant chain executive, are battling for the two vacant seats on the Fed’s Board of Governors, positions that would give them a say for years on interest-rate policy and bank regulation.



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