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WASHINGTON (Reuters) - Potential Federal Reserve board nominee Stephen Moore, picked by U.S. President Donald Trump, faced new criticism on Friday, with Democratic Senator Elizabeth Warren accusing him of lacking competencies to serve in that role.
Economists and other critics have expressed concerns about Moore, a conservative economic commentator, and another Trump loyalist nomination to the Fed’s Board of Governors, serving on the traditionally nonpartisan central bank.
Warren, a Democrat who is running to challenge Trump in the 2020 election, said Moore had “a long history of making wildly inaccurate claims about economic policy that appear to serve political ends.”
“Americans should be able to trust that policymakers ... have some command over basic mathematical and economic concepts and allegiance to facts,” she wrote in a letter to Moore.
Warren cited examples where Moore’s economic commentary appeared in conflict with other research or Moore’s earlier stances. She included a multiple-choice questionnaire asking if he still held prior views, including describing himself as “not an expert on monetary policy.”
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COMMENTS VIA TWITTER
Trump's pick for the Federal Reserve Board, Stephen Moore, has a history of repulsive remarks. https://t.co/lpIbHP5JSo
President Trump's Federal Reserve pick Stephen Moore is a self-described "radical" who said he's not a "big believe… https://t.co/NG6BSKydLH
God will tell U.S. energy leaders when to quit relying on fossil fuels, says Trump Federal Reserve pick Herman Cain… https://t.co/Knp5EGU9gY
RT @LibertarianRnt: I don't like Trump on tariffs. I don't like the bloated budget he proposed. I don't like that he backtracked on Syria,…
I don't like Trump on tariffs. I don't like the bloated budget he proposed. I don't like that he backtracked on Syr… https://t.co/7u5iRuydde