interest rates: And Herman Cain, 73, previously served as a board member at the Kansas City Federal Reserve Bank and is the former CEO of a pizza restaurant chain, according to The Japan Times. Cain, a candidate for the Republican Party's nomination in the 2012 presidential election, suspended his campaign following allegations of sexual misconduct, which he denied. Not only did he again urge the Fed to lower interest rates, but he tapped two unconventional loyalists to fill two empty seats on the Fed board. ; Stephen Moore, 59, is a controversial economist and former Trump campaign adviser. With the 2020 election looming, Trump often praises the health of the U.S. economy but on Friday he said that he wants it to take off like a rocket ship. Trump's moves have alarmed some experts, but he is not alone in thinking the Fed went too far last year; some economists such as Joseph LaVorgna from Natixis think it tightened too much. To make that happen, he urged the Fed to restart its post-financial crisis quantitative easing program of buying bonds to add liquidity to the economy.
(news.financializer.com). As
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