Trump’s choice of former campaign adviser Stephen Moore to serve on the Federal Reserve Board is stirring misgivings among some bankers, who worry that the conservative economist would erode the Fed’s political independence
President Donald .
Moore has picked up support from a handful of Republican senators but most GOP members of the Banking Committee have not yet taken a position at this early stage, including Chairman Mike Crapo , whose backing is crucial.Sign Up Still, Moore, who would fill one of two open seats on the Fed board, has previously cast doubt on the need for the institution to be independent from short-term political considerations, a key element of the central bank’s design that's intended to help it make decisions that are in the long-term interest of the economy.
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moore - MarketWatch.com Search
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