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Steve Moore: "I'm kind of new to this game, frankly, so I'm going to be on a steep learning curve."
If this doesn't guarantee his confirmation, nothing will.
AntiClimacticHat Retweeted
Wut?
Link to tweet
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://www.bloomberg.com/news/articles/2019-03-24/swift-pushback-on-stephen-moore-trump-s-latest-pick-for-the-fed … via @bpolitics
Link to tweet
Economics
Swift Pushback on Stephen Moore, Trump's Latest Pick for the Fed
By Brendan Murray
March 24, 2019, 12:36 PM EDT Updated on March 25, 2019, 5:00 AM EDT
• President plans to nominate Heritage Foundation economist
• One former Bush aide urges Senate to block the nomination
Stephen Moore drew swift and unusually pointed criticism after President Donald Trump picked him to be a governor of the U.S. Federal Reserve, with at least one prominent Republican economist calling on the Senate to block the appointment. ... “He does not have the intellectual gravitas for this important job,” Greg Mankiw, a Harvard professor who was chairman of the White House Council of Economic Advisers under President George W. Bush, wrote in a blog post on Friday. “It is time for senators to do their job. Mr. Moore should not be confirmed.”
Moore’s selection is subject to Senate approval. He’s Trump’s sixth nomination to the nation’s monetary authority, which has a seven-seat board of governors that typically is filled with trained economists, former financial-industry executives and bank regulators. There are currently two vacant seats.
....
Puzzling Pick
Some private-sector economists who’ve generally supported Trump’s efforts to accelerate growth with lower taxes, less regulation and fairer trade deals were nonplussed by the selection of Moore, an official at the conservative Heritage Foundation think-tank and an economic adviser to Trump’s 2016 campaign.
“The fact that Stephen Moore gets nominated and has a plausible path to confirmation but Peter Diamond didn’t is truly detestable,” said Neil Dutta, head of economics at Renaissance Macro Research. He was referring to Diamond, a Nobel Prize-winning economist whom President Barack Obama nominated to the Fed but ended up withdrawing from consideration in June 2011 in the face of Republican opposition.
....
‘Steep Learning Curve’
“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,” Moore, 59, said on BTV [Bloomberg Television]. “It’s hard for me to say even what my role will be there, assuming I get confirmed.”
....
Read more: Trump Escalates Feud With Fed by Picking Moore for Board
....
— With assistance by Steve Matthews, Jeanna Smialek, and Christopher Condon
Swift Pushback on Stephen Moore, Trump's Latest Pick for the Fed
By Brendan Murray
March 24, 2019, 12:36 PM EDT Updated on March 25, 2019, 5:00 AM EDT
• President plans to nominate Heritage Foundation economist
• One former Bush aide urges Senate to block the nomination
Stephen Moore drew swift and unusually pointed criticism after President Donald Trump picked him to be a governor of the U.S. Federal Reserve, with at least one prominent Republican economist calling on the Senate to block the appointment. ... “He does not have the intellectual gravitas for this important job,” Greg Mankiw, a Harvard professor who was chairman of the White House Council of Economic Advisers under President George W. Bush, wrote in a blog post on Friday. “It is time for senators to do their job. Mr. Moore should not be confirmed.”
Moore’s selection is subject to Senate approval. He’s Trump’s sixth nomination to the nation’s monetary authority, which has a seven-seat board of governors that typically is filled with trained economists, former financial-industry executives and bank regulators. There are currently two vacant seats.
....
Puzzling Pick
Some private-sector economists who’ve generally supported Trump’s efforts to accelerate growth with lower taxes, less regulation and fairer trade deals were nonplussed by the selection of Moore, an official at the conservative Heritage Foundation think-tank and an economic adviser to Trump’s 2016 campaign.
“The fact that Stephen Moore gets nominated and has a plausible path to confirmation but Peter Diamond didn’t is truly detestable,” said Neil Dutta, head of economics at Renaissance Macro Research. He was referring to Diamond, a Nobel Prize-winning economist whom President Barack Obama nominated to the Fed but ended up withdrawing from consideration in June 2011 in the face of Republican opposition.
....
‘Steep Learning Curve’
“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,” Moore, 59, said on BTV [Bloomberg Television]. “It’s hard for me to say even what my role will be there, assuming I get confirmed.”
....
Read more: Trump Escalates Feud With Fed by Picking Moore for Board
....
— With assistance by Steve Matthews, Jeanna Smialek, and Christopher Condon
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