Welcome to DU!
The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards.
Join the community:
Create a free account
Support DU (and get rid of ads!):
Become a Star Member
Latest Breaking News
General Discussion
The DU Lounge
All Forums
Issue Forums
Culture Forums
Alliance Forums
Region Forums
Support Forums
Help & Search
Econ Community Goes Berserk Over Trump's 'Terrible, Horrible' Fed Board Pick
By Nicole Lafond
March 22, 2019 2:42 pm
As news trickled out of President Trump intention to nominate “Trumponomics” author, Heritage Foundation fellow and CNN contributor Stephen Moore to the Federal Reserve board, economists and economic journalists alike responded with bewilderment.
According to Bloomberg News, Moore’s nomination ham-handedly fell into place in true Trump fashion. Last week, White House Economic Council Director Larry Kudlow showed Trump one of Moore’s latest op-eds in the Wall Street Journal in which Moore blamed the Federal Reserve for slowing the U.S. economy and cheered Trump’s economic policies.
A week later, to the shock of economists across Twitter, here we are.
Justin Wolfers, University of Michigan economic professor and fellow at the Peterson Institute for International Economics, let Judith Viorst express his disdain for him: “It’s a terrible, horrible, no good, very bad pick.”
more
https://talkingpointsmemo.com/news/econ-community-goes-berserk-over-trump-terrible-horrible-fed-board-pick