Trump looks for growth hawk to replace Moore as Fed Reserve nominee; Watch Berkowitz w Moore, Cable & Web

Prize for dumbest media report goes to WSJ's Kiernan & Peterson, May 3, 2019, P.1: Trump believed
concerns about "Moore's comments [about women] had some justification."

In an incomplete report, Kiernan & Peterson did not tell their gentle readers: This from a Pres. who won the Presidency shortly after the release of tapes quoting Trump's fondness "For grabbing pussy," of women he did not know.


Tonight's City of Chicago edition of Public Affairs features Steve Moore, former Federal Reserve Board of Governor Nominee.

Watch show host Jeff Berkowitz interview economist Steve Moore on substantive economic economic issues and what he contemplated to focus on as a Fed Reserve Bank nominee.

This episode was taped on April 18, 2019.

Sadly, Trump, in a moment of weakness pulled Moore as a Federal Reserve Bank Board of Governor nominee.

Moore would have been an articulate "Growth Hawk." arguing for price stability and a set of Fed Policies that would have given the country a good chance to continue or exceed it's high GDP growth, which is currently double the growth rate of the last Obama Presidential year (1.5% in 2016).

Trump was stupidly deferring to Republican Senators, like Thune (R-SD) & Murkowski (R-AK), two politicians with the spine of a wet noodle and economics knowledge similar to that of your cat. It would be ironic if they both lost in 2020 due to economic growth being less robust than it would have been with the influence of Moore at the Federal Reserve .

Moore co-authored w Art Laffer,  “Trumponomics: Inside the America First Plan to Revive Our Economy.”

The program airs tonight,  May 6, 8:30 pm and midnight, Cable Ch. 21 [CAN TV].

You can also watch the program featuring Steve Moore, 24/7, by clicking here.

The program also airs in Evanston daily, 8:30 pm on Cable Ch. 6, continuing thru Monday, May 13.

Moore has co-authored three other books with Art Laffer and four books on his own, dealing with important State and National economic, freedom and prosperity issues.

Moore has a Master’s Degree in Economics from George Mason University and an undergraduate degree from University of Illinois at Champaign-Urbana.  Only two of the current five members of the Fed Reserve Board have degrees in economics, Chairman Powell is a Lawyer and investment banker.

Steve Moore discusses with show host Jeff Berkowitz the essence of Trumponomics, which includes the across the board individual and corporate tax rate cut plan developed by President Trump with the substantial help of Art Laffer, Larry Kudlow and Stephen Moore. 

The Trump tax rate cuts, along with the removal of unnecessary but burdensome business regulations, the introduction of  energy expansion programs and efforts to encourage U. S. labor and capital to grow and become more productive, were and are at the core of Trumponomics.

Moore emphasizes that Trumponomics' expansion of capital equipment in America made labor more productive and thus increased American middle class real wages significantly for the first time in decades.

Moore’s book, Trumponomics, emphasizes the importance of immediate expensing as an inducement to expand capital, and thereby increasing U. S. labor productivity, wages and economic growth.

Moore indicated that the primary economic area where the Laffer, Kudlow (Now National Economic Chairman in Trump’s administration) and Moore economic Troika differed from President Trump was in the Troika’s opposition to the adoption of steel and aluminum tariffs, and proposed tariffs on autos.

However, Moore notes that President Trump does not want only “Yes people” to advise him and Trump understands that he and his advisers will not always agree and they are all fine with that.

But, currently, Moore is very proud that he worked with Laffer, Kudlow and President Trump to produce 3% economic growth in 2018, almost double what the annual U. S. growth rate was when President Obama left office in 2016.

As the program was taped prior to his name being withdrawn as a Fed Reserve nominee, Moore was looking  ahead to his work on the Federal Reserve Board.

Steve Moore wanted to be viewed as the Board’s “Growth hawk,” who knew “We can have 3 to 4 %, real economic growth without significant inflation,” and "High and growing real wages for low and middle income workers and low national unemployment."


Leave a comment