https://www.bloomberg.com/news/arti...-moore-for-federal-reserve-board?srnd=premium Trump to Offer Stephen Moore Seat on Federal Reserve Board JENNIFER JACOBS MARCH 22, 2019 Stephen Moore, a visiting fellow at the Heritage Foundation and a long-time supporter of Donald Trump, has been offered a seat on the Federal Reserve Board by the president, according to three people familiar with the matter. Moore, 59, the founder of the conservative Club for Growth, said in a brief interview on Friday that he hasn’t been “formally offered” the job but would accept if he is. Trump called Moore this week to ask if he was willing to accept a seat on the board, two of the people said, a detail reported earlier on Friday by the Wall Street Journal. Trump’s chief economic adviser, Larry Kudlow, told Moore last week that the president wanted to name him to the board, the people said. They asked not to be identified discussing a personnel matter. Moore has emerged as an ardent critic of the Federal Reserve Board under its current chairman, Jerome Powell, who fell out of favor with Trump last year after the Fed’s rate increases. Placing him on the board may be the president’s attempt to check Powell and head off further tightening of U.S. monetary policy that Trump believes could slow economic growth before his 2020 re-election campaign. Moore blamed the Fed for slowing the economy while championing Trump’s policies in a March 13 Journal column that he co-authored. Kudlow showed the op-ed to Trump after it was published, two of the people said. Moore also suggested the Fed stabilize the value of the dollar by adopting a commodity price rule. “I believe the people on the Federal Reserve Board should be thrown out for economic malpractice,” Moore said Dec. 22 on Red Apple Group chairman and chief executive John Catsimatidis’s radio show, blaming an end-of-the-year stock market swoon on the Fed’s rate hikes. “Janet Yellen couldn’t have been any worse than the guy he’s got in there now,” Moore said of Powell. “I always thought he was a bad choice. He’s been a Fed guy for many years. Donald Trump wanted to drain the swamp. The Fed is the swamp.” Moore is a former adviser on Trump’s campaign who helped write its economic agenda and a close Kudlow friend. He was a senior economist on the Congressional Joint Economic Committee, served on the editorial board of the Wall Street Journal and was an economic analyst for CNN. Also under consideration for the board is Herman Cain, the former pizza company executive who ran for the 2012 Republican presidential nomination, according to the people, who asked not to be identified discussing Trump’s private deliberations. Read More: Powell Aims to Avoid Japan Deflation Trap With Dovish Tilt There are two vacant seats on the Fed board. A spokeswoman for the Federal Reserve declined to comment. The White House also declined to comment. Bloomberg News previously reported that Cain, 73, was under consideration. Yet his nomination would raise the prospect of a Senate confirmation hearing focused on the sexual harassment accusations that ended his presidential campaign. While he remains in the running, there are concerns in the White House about whether he could clear the confirmation process, according to a person familiar with the matter. Earlier: Trump Is Said to Consider Herman Cain for Federal Reserve Board Cain last September co-founded a pro-Trump super-political action committee, America Fighting Back PAC, which features a photo of the president on its website and says: “We must protect Donald Trump and his agenda from impeachment.” He has had a long corporate career, and from 1992 to 1996 he served as a director of the Federal Reserve Bank of Kansas City, as well as deputy chairman and later chairman. He advocated for the U.S. to return to the gold standard during his presidential campaign and as recently as December 2017 defended higher interest rates, a position that contrasts with Trump’s repeated criticisms of the Fed last year. — With assistance by Craig Torres, and Rich Miller (Updates with comment from Moore in second paragraph.) " dir="ltr"> Stephen Moore, a visiting fellow at the Heritage Foundation and a long-time supporter of Donald Trump, has been offered a seat on the Federal Reserve Board by the president, according to three people familiar with the matter. Moore, 59, the founder of the conservative Club for Growth, said in a brief interview on Friday that he hasn’t been “formally offered” the job but would accept if he is. Trump called Moore this week to ask if he was willing to accept a seat on the board, two of the people said, a detail reported earlier on Friday by the Wall Street Journal. Trump’s chief economic adviser, Larry Kudlow, told Moore last week that the president wanted to name him to the board, the people said. They asked not to be identified discussing a personnel matter. Moore has emerged as an ardent critic of the Federal Reserve Board under its current chairman, Jerome Powell, who fell out of favor with Trump last year after the Fed’s rate increases. Placing him on the board may be the president’s attempt to check Powell and head off further tightening of U.S. monetary policy that Trump believes could slow economic growth before his 2020 re-election campaign. Moore blamed the Fed for slowing the economy while championing Trump’s policies in a March 13 Journal column that he co-authored. Kudlow showed the op-ed to Trump after it was published, two of the people said. Moore also suggested the Fed stabilize the value of the dollar by adopting a commodity price rule. “I believe the people on the Federal Reserve Board should be thrown out for economic malpractice,” Moore said Dec. 22 on Red Apple Group chairman and chief executive John Catsimatidis’s radio show, blaming an end-of-the-year stock market swoon on the Fed’s rate hikes. “Janet Yellen couldn’t have been any worse than the guy he’s got in there now,” Moore said of Powell. “I always thought he was a bad choice. He’s been a Fed guy for many years. Donald Trump wanted to drain the swamp. The Fed is the swamp.” Moore is a former adviser on Trump’s campaign who helped write its economic agenda and a close Kudlow friend. He was a senior economist on the Congressional Joint Economic Committee, served on the editorial board of the Wall Street Journal and was an economic analyst for CNN. Also under consideration for the board is Herman Cain, the former pizza company executive who ran for the 2012 Republican presidential nomination, according to the people, who asked not to be identified discussing Trump’s private deliberations. Read More: Powell Aims to Avoid Japan Deflation Trap With Dovish Tilt There are two vacant seats on the Fed board. A spokeswoman for the Federal Reserve declined to comment. The White House also declined to comment. Bloomberg News previously reported that Cain, 73, was under consideration. Yet his nomination would raise the prospect of a Senate confirmation hearing focused on the sexual harassment accusations that ended his presidential campaign. While he remains in the running, there are concerns in the White House about whether he could clear the confirmation process, according to a person familiar with the matter. Earlier: Trump Is Said to Consider Herman Cain for Federal Reserve Board Cain last September co-founded a pro-Trump super-political action committee, America Fighting Back PAC, which features a photo of the president on its website and says: “We must protect Donald Trump and his agenda from impeachment.” He has had a long corporate career, and from 1992 to 1996 he served as a director of the Federal Reserve Bank of Kansas City, as well as deputy chairman and later chairman. He advocated for the U.S. to return to the gold standard during his presidential campaign and as recently as December 2017 defended higher interest rates, a position that contrasts with Trump’s repeated criticisms of the Fed last year. — With assistance by Craig Torres, and Rich Miller (Updates with comment from Moore in second paragraph
And noooo not Herman (9, 9, 9) Cain either. Anyway the coming recession will do what Mueller couldn't.