White House economic adviser Larry Kudlow calls criticisms of President Trump's controversial selections for the Federal Reserve Board 'very unfair.'
Like Moore, Cain, who joined the Federal Reserve Bank of Kansas City in 1989, later becoming its deputy chairman and then chairman, has had his economic views come under question.a video to Facebook on Friday saying the background check he faces would be"more cumbersome" than it would be for most, adding,"You better believe that the people who hate me, who do not like conservatism ... are already digging up the negative stuff that are in stories from eight years ago.
Cain acknowledged he might not make it through a nominating process, saying"time will tell." Speaking with"Fox News Sunday," acting White House chief of staff Mick MulvaneyOn CNN, Kudlow said both Moore and Cain are"very smart people," adding that it's Trump's right to nominate people with views that clash with Fed consensus.
Trump"is very well-informed," Kudlow said."He's a successful investor. He's a successful businessman. He wants people on the Fed who share his philosophy. This is not a political issue."repeatedly criticized the Fed for its monetary policies and its stewardship of the economy under Chairman Jerome Powell, whom Trump nominated in November 2017.
Regarding Moore, who has said he's on a"steep learning curve" to learn the ins and outs of Fed operations and decision-making, Kudlow said there is"nothing wrong with a little modesty or a little humility."
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