Likely Federal Reserve nominee Stephen Moore promised to not be a “sycophant” for President Donald Trump if he gets a seat and tried to walk back his vicious criticism of current chairman Jerome Powell.
He had called for Powell to step down when the Fed raised interest rates.
“I was really angry,” Moore told the New York Times. “I was furious — and Trump was furious, too. I just thought that the December rate increase was inexplicable. Commodity prices were already falling dramatically.”
“I said these things that I do regret saying, because I think Powell’s doing the best job that he can,” he continued. “Do I regret the rhetoric that I used? Yes. Was I right? Yes.”
“Do the President and I think a lot alike on a lot of things? Absolutely. That’s one of the reasons he picked me to be an economic adviser and be on the Fed, because we share a lot of the same economic philosophy,” he concluded. But “I don’t think anybody can reasonably say I am a sycophant for Trump, because I’m not.”
Moore has drawn fire from a wide range of economists who see him as comically unqualified for the job.
Any nominee/appointee of the abomination is automatically lacking in credibility. He’s probably already signed his loyalty oath and NDA.
And I promise to stop being the low rent Supply Side Trickle Down Clown and Dweeb that I have been my entire adult life, which has given me notoriety beyond my wildest dreams and six figure salaries for entire decades. For a guy who only has an MA in Economics. I promise. You can trust me. Believe me.
Uh huh. And when the hearings turn into a sh*tshow, he’ll withdraw his name from consideration and once again call for Powell to step down.
Oh for God’s sake…this is not in the LEAST bit reassuring OR believable. You have been a toady your entire life. What’s going to change NOW???
Yeah, right. He’s “not going to be a sycophant” the same way Barr was “going to be open and fair” on the Mueller stuff…