Trump Names Stephen Moore to Fed Board

President Trump announced that he planned to nominate 2016 campaign adviser Stephen Moore to the Federal Reserve board, the AP reports.

Moore wrote a book called Trumponomics and is a vocal critic of Fed chairman Jerome Powell.

Jonathan Chait: “Moore’s primary area of pseudo-expertise — he is not an economist — is fiscal policy. He is a dedicated advocate of supply-side economics, relentlessly promoting his fanatical hatred of redistribution and belief that lower taxes for the rich can and will unleash wondrous prosperity. Like nearly all supply-siders, he has clung to this dogma in the face of repeated, spectacular failures.”