{"id":36484,"date":"2019-04-07T02:55:28","date_gmt":"2019-04-07T02:55:28","guid":{"rendered":"https:\/\/highplainsblogger.com\/?p=36484"},"modified":"2019-04-07T02:55:28","modified_gmt":"2019-04-07T02:55:28","slug":"whats-trump-trying-to-do-with-the-fed","status":"publish","type":"post","link":"https:\/\/highplainsblogger.com\/?p=36484","title":{"rendered":"What’s Trump trying to do with the Fed?"},"content":{"rendered":"\n
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I cannot begin to comment in any detail about federal economic policy. But I do wonder about a couple of nominations planned for the Federal Reserve Board of Governors.<\/p>\n

Donald Trump appears to be angry with Fed Chairman Jerome Powell. So what’s he going to do? He has nominated Stephen Moore, a non-economist and a vocal Powell critic, as a Fed governor. What’s more, Trump is slated to nominate Godfather’s pizza mogul and former Republican presidential candidate Herman Cain to another governor’s post; oh, yeah, Cain also is a Powell critic. Cain also has the specter of sexual harassment allegations hanging over him.<\/p>\n

I long have thought the Fed was beyond partisanship. It is supposed to regulate economic activity. It sets interest rates. It can reduce them when the economy is struggling; it can increase them when the economy prospers.<\/p>\n

Trump, who selected Powell to replace Janet Yellen as Fed chairman, has been openly critical of the rate increases that have occurred on Powell’s watch.<\/p>\n

Now he wants to put a couple of fellow Powell critics on the board?<\/p>\n

Is that how the Fed is supposed to operate? I don’t believe the Fed should be politicized in this fashion.<\/p>\n\n

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I cannot begin to comment in any detail about federal economic policy. But I do wonder about a couple of nominations planned for the Federal Reserve Board of Governors. Donald Trump appears to be angry with Fed Chairman Jerome Powell. So what’s he going to do? He has nominated Stephen Moore, a non-economist and a … Continue reading What’s Trump trying to do with the Fed?<\/span> →<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[7910],"tags":[1424,1710,2109],"class_list":["post-36484","post","type-post","status-publish","format-standard","hentry","category-economic-news","tag-donald-trump","tag-federal-reserve-board","tag-herman-cain"],"_links":{"self":[{"href":"https:\/\/highplainsblogger.com\/index.php?rest_route=\/wp\/v2\/posts\/36484","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/highplainsblogger.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/highplainsblogger.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/highplainsblogger.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/highplainsblogger.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=36484"}],"version-history":[{"count":1,"href":"https:\/\/highplainsblogger.com\/index.php?rest_route=\/wp\/v2\/posts\/36484\/revisions"}],"predecessor-version":[{"id":36485,"href":"https:\/\/highplainsblogger.com\/index.php?rest_route=\/wp\/v2\/posts\/36484\/revisions\/36485"}],"wp:attachment":[{"href":"https:\/\/highplainsblogger.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=36484"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/highplainsblogger.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=36484"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/highplainsblogger.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=36484"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}