Economics
Trump Escalates Feud With Fed by Picking Political Ally for Board
- Campaign adviser Stephen Moore would fill one of two vacancies
- Moore has criticized Powell, cheered effects of Trump tax cuts
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It looks like a textbook example of political meddling with a central bank in an emerging market, except it’s happening in the U.S.
President Donald Trump on Friday said he’s nominating former campaign adviser Stephen Moore to be a governor of the Federal Reserve -- potentially putting a political loyalist in lockstep with Trump’s view on juicing the economy into the middle of Fed deliberations heading into the 2020 election.