Trump's failed Fed pick Stephen Moore: If central bank cut rates, it would be 'Moore's revenge'
Moore, a proponent of easier monetary policy, believes the Fed should not be worried about stronger economic growth causing out-of-control inflation. "This is what my whole [Fed] campaign was about — that growth does not cause inflation.", " Moore said the Fed's quarter-point rate hike in December — the fourth such move of 2018 and at a time when markets were collapsing — was "unnecessary," arguing that policymakers ought to reverse that decision.
Trump last month, in his most brazen attack yet on the Fed, called for a 1 percentage point rate reduction and money-printing quantitative easing. Trump has expressed concerns that higher borrowing costs and balance sheet roll-offs could hurt economic growth, which he views, along with the stock market, as a benchmark of success for his fiscal policies.
Calls for a rate cut, which the markets seem to think is more and more likely as the Fed's next move, come even as first quarter growth came in at a robust 3.2%. Traditional monetary theory holds that stronger economic growth can stoke inflation, leading historically to the Fed increasing rates to hold price pressures at bay.
इंडिया ताज़ा खबर, इंडिया मुख्य बातें
Similar News:आप इससे मिलती-जुलती खबरें भी पढ़ सकते हैं जिन्हें हमने अन्य समाचार स्रोतों से एकत्र किया है।
Trump vs. the Fed: What it means for your moneyIn the ongoing battle between President Donald Trump and the Federal Reserve over interest rates, it's consumers that are caught in the middle.
और पढो »
Trump could get his Fed rate cut after all, but not for the right reasonsAs the trade war heats up, the potential for the Federal Reserve to cut interest rates is rising.
और पढो »
Tariff tumult boosts view that Fed may cut U.S. ratesU.S. President Donald Trump's decision to jack up tariffs on goods from Chi...
और पढो »
Opinion | Trump’s two worst economic ideas collideNeither trade wars nor Fed wars are good and easy to win.
और पढो »
Fed’s Bostic: Higher tariffs could result in interest-rate cuts if consumer spending suffersAtlanta Fed President Raphael Bostic on Friday said the Fed might respond with interest rate cuts if consumer spending suffers in the wake of the new round...
और पढो »
Fed's Kaplan says interest rates are about where they should beDallas Federal Reserve Bank President Robert Kaplan on Monday said that the Fed ...
और पढो »
Fed officials see risks in weaker inflation expectations, trade rowA drop in the consumer outlook for inflation and intensifying trade tensions dre...
और पढो »
Fed wants to better understand public's views on inflation, jobs: RosengrenThe Federal Reserve is working to better understand how the general public weigh...
और पढो »
One-Third of Middle Class Can’t Afford $400 Surprise Expense, Fed FindsWhile economic security improved “marginally,” many U.S. citizens were still in a position of “financial fragility,” Federal Reserve governor Lael Brainard said of findings in a survey the central bank is expected to release later this month.
और पढो »
White House Considers Economist Judy Shelton for Fed BoardShelton has been contacted by the White House regarding the position, according to two people familiar with the matter who described the outreach on condition of anonymity. Trump has named four people for the two open seats on the board of governors.
और पढो »
With inflation elusive, two Fed policymakers lay out a welcome matWorried that current low inflation expectations will sap the U.S. central bank&...
और पढो »