‘NEW TO THIS GAME’
Stephen Moore, Trump’s Wildly Unqualified Federal Reserve Board Pick, Faces a ‘Steep Learning Curve’
Trump, who believes the Fed held off interest-rate hikes in 2012 to help re-elect Obama, is determined to get his own thumb on the scale ahead of his 2020 contest.
President Trump’s nominee for a seat on the Federal Reserve Board is not an economist, but he has continually gotten key economic policy ideas wrong for 30 years and admits he knows nothing about monetary policy, which is what the Fed oversees and regulates.
Meet Stephen Moore, 59, the non-economist who plays one on television, and who, because of his loyalty to Trump, is about to dramatically fail upward.
“I’m kind of new to this game, frankly, so I’m going to be on a steep learning curve myself about how the Fed operates, how the Federal Reserve makes its decisions,” Moore told Bloomberg Television. “It’s hard for me to say even what my role will be there, assuming I get confirmed.”