Economics
Swift Pushback on Stephen Moore, Trump's Latest Pick for the Fed
- President plans to nominate Heritage Foundation economist
- One former Bush aide urges Senate to block the nomination
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Stephen Moore drew swift and unusually pointed criticism after President Donald Trump picked him to be a governor of the U.S. Federal Reserve, with at least one prominent Republican economist calling on the Senate to block the appointment.
“He does not have the intellectual gravitas for this important job,” Greg Mankiw, a Harvard professor who was chairman of the White House Council of Economic Advisers under President George W. Bush, wrote in a blog post on Friday. “It is time for senators to do their job. Mr. Moore should not be confirmed.”