Did Trump pick Stephen Moore for the Fed's board because of a Wall Street Journal op-ed?

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published 22 March 2019

President Trump says he will nominate Stephen Moore to serve on the Federal Reserve Board — and it may be because of a Wall Street Journal op-ed.

Moore, a former member of the The Wall Street Journal's editorial board, on March 13 co-authored a column titled "The Fed is a Threat to Growth." In it, he and Louis Woodhill criticize the Federal Reserve, asking "what problem were they trying to solve" with its "inexplicable" rate hikes. The column also argues that subsequent "market turbulence ... was all the Fed's doing."

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Moore, who also served as an economic adviser during Trump's campaign, has long been critical of Fed Chair Jerome Powell, writing last year that he should resign and "admit that his policies have had disastrous economic and financial consequences." Trump made Moore's nomination official on Friday, tweeting, "I have known Steve for a long time — and have no doubt he will be an outstanding choice!"

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Brendan worked as a culture writer at The Week from 2018 to 2023, covering the entertainment industry, including film reviews, television recaps, awards season, the box office, major movie franchises and Hollywood gossip. He has written about film and television for outlets including Bloody Disgusting, Showbiz Cheat Sheet, Heavy and The Celebrity Cafe.

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