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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