Catherine Rampell: “President Trump has made a lot of ill-advised nominations. But perhaps no single choice could inflict more long-term damage than the one he announced Friday: Stephen Moore, Trump’s pick to join the Federal Reserve Board.”
“Moore’s many economic claims over the years have revealed him to be, shall we say, easily confused…”
“A newspaper banned him from its pages because of his struggles in getting basic statistics right. During the dozens of times I’ve debated him on TV, he has persistently misstated easily Google-able facts. These include whether the country is experiencing deflation, whether Canada’s tariffs are ‘twice as high as’ ours, and whether the Fed predicted that Trump would crash the stock market. (Nope, nope, and huh?)”
“Now, somehow, Moore has been nominated to the Fed.”
Meanwhile, the Washington Post notes Moore edged closer to the Fed seat “as key GOP lawmakers express support.”
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