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On March 22nd President Donald Trump nominated noted economist Stephen Moore to serve on the Board of the Federal Reserve.
Stephen Moore has a distinguished career in leadership roles at Heritage and The Wall Street Journal. Stephen Moore is a founder at the Club for Growth. Moore was an early Trump campaign supporter and wrote the book Trumponomics.
Moore - Adviser - Friend - Architect - Boom
Moore is a presidential adviser and friend and is an architect of the greatest economic boom since Ronald Reagan.
In September Stephen Moore spoke at the Gateway Eagle Council in St. Louis, Missouri.
December - Steve - Federal - Reserve - Chairman
And in December Steve criticized Federal Reserve Chairman Jerome Powell for his irresponsible and dangerous rate hikes and threats of rate hikes. Powell was able to unilaterally stall the US economic boom in its tracks and cost the US economy hundreds of billions of dollars.
Moore wrote that it was time for Powell to resign. Moore was right.
Via - World - Net - Daily
Via World Net Daily:
In one of the most remarkable Abbott and Costello routines in modern times, the economic wizards at the Fed again raised interest rates on Tuesday. Their cracker jack logic for doing so is to steer America on a course toward recession so they have the tools in hand to end the recession that THEY themselves created. Can anyone tell us who’s on first?
Fed - Move - Interest - Rate - Rise
Worse, this Fed move doubles down on its blunderous interest rate rise in September. President Trump turned out to be exactly right: the central bank pull back on money would slow growth and crush the stock market in order to combat nonexistent inflation.
The Fed had already reduced the monetary thrust that it provides to the economy 8 times since December 15, 2015, by raising its Fed Funds interest rate from 0.25% to 2.25%. Each time, the Fed claimed that it needed to guard our economic airliner from inflationary “overheating” – as if...
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