Stephen Moore, the economist President Trump has said he will nominate to the Federal Reserve, wants the Fed to immediately slash interest rates -- a startling step that would likely reinforce Wall Street's fears that a recession is brewing
New York Stephen Moore wants the Federal Reserve to immediately slash interest rates -- a startling step that would likely reinforce Wall Street's fears that a recession is brewing.
Moore, the economist President Donald Trump has said he will nominate to the Fed, told The New York Times on Tuesday that the US central bank should reverse course and cut interest rates by half a percentage point right away.Former Federal Reserve officials and economists told CNN Business that such a dramatic move would badly backfire by eroding confidence in the economy -- and perhaps the central bank itself.
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