Speaking to reporters at a private lawmaker retreat, House Speaker Nancy Pelosi called conservative commentator Stephen Moore and businessman Herman Cain 'the worst, ill-suited appointments that the president could come up with.'
House Democratic leadership slammed President Trump's nominees for the Federal Reserve's board of governors, calling them unqualified and dangerous.
"The Fed should be determining the rates, not any politicians," Pelosi said."That is a dangerous thing for an economy, when a central bank of the country has political influence. It's wrong." Democratic Caucus Chairman Hakeem Jeffries predicted that the White House would eventually withdraw the nominations. Trump has said he wants to appoint Cain and Moore to the board of governors but has not yet submitted official paperwork. Cain abandoned his bid for the Republican presidential nomination in 2012 amid allegations of sexual harassment. Moore -- who has argued for an immediate cut to the Fed's benchmark interest rate -- is in a dispute with the IRS over $75,000 in unpaid taxes.
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