adviser: Late Tuesday, Moore, a former Trump campaign adviser and close political ally, told CNN that he plans to stick with his prospective nomination, even after multiple Republican senators expressed open doubts, according to CNN. He feels frustrated' Why Trump scapegoats the Fed That once again leaves Powell to reassure the public and investors worldwide that nothing is amiss inside the Fed, which sets US interest rate policy and is a pillar of the global economic system. Stephen Moore, the President's pick for a seat on the bank's powerful Board of Governors, faces claims that he is biased against women after multiple reports from CNN's KFile and other outlets about his past writing and comments. Trump has repeatedly broken with presidential precedent by subjecting the Fed, and Powell personally, to open criticism over moves to prevent inflation, which the President believes are unfairly dampening economic growth and potentially costing him politically. Read More A 'strong culture'Powell has defended the institution from political threats by citing its strong culture and its inability to be disrupted. His most recent salvo came Tuesday, when he tweeted that the Fed should cut rates by a full point -- a drastic and unlikely move given the growing economy.
(news.financializer.com). As
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