Likely Fed nominee Stephen Moore thinks rates should be cut by half a percentage point

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The Heritage Foundation fellow backed off on earlier criticism he had for the Fed and specifically its chairman, Jerome Powell.

Presumptive Federal Reserve nominee Stephen Moore thinks the central bank should get interest rates by half a percentage point, a position well out of line with other policymakers.

Shortly after the Fed enacted its fourth rate hike of 2018 in December, Moore wrote in a Heritage blog post that Powell should"do the honorable thing ... and resign." "I was really angry" about the December increase, Moore said."I was furious — and Trump was furious, too. I just thought that the December rate increase was inexplicable. Commodity prices were already falling dramatically."

 

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powell will not like that

CNBC and the FED, both progressive tools, are being used to downplay the current economic resurgence of the Trump economy. The FED raised rates outside of its mandate, just because? CNBC spreads recession propaganda nonstop 24/7. Treasonous Defamation Libel Collusion VoterID

Trump was right again when he ‘ slammed’ or was it ‘lashed out at’ I can’t seem to remember which Batman verb u used 💥

hahahaha running out of 'words' to prop up the financial system - lets start jawboning on cutting interest rates .... who cares, we wont be around when this financial armageddon arrives .....

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