Moore signaled in a Thursday Bloomberg Television interview that he wants to challenge some tenets of central banking if he’s confirmed by the Senate to be a Fed governor.
“I’m going to come with the idea -- challenge one fundamental idea that I think is endemic at the Fed, which I think is completely wrong, which is that growth causes inflation. Growth does not cause inflation,” he said.
Cain, a former pizza company executive, has lost support this week from four Republican senators, enough to sink a nomination. One of the four, Mitt Romney, said “the president would be wise to nominate someone who is less partisan and more experienced in the world of economics.’’
Neither Moore nor Cain have been formally nominated by Trump. Cain said in a video posted on Facebook that he faced a “cumbersome” vetting process for the Fed seat, suggesting he may be considering withdrawing.
Jeffries, chairman of the House Democratic Caucus and a possible eventual successor to Pelosi, derided Trump’s choice of Moore and Cain.
“I am unclear whether it is reality or a ‘Saturday Night Live’ skit,” he said. “The likelihood is that they will be withdrawn. Even Republicans are aghast that you could nominate singularly unqualified individuals such as Herman Cain.”
Pelosi said politics played no role in Powell discussing his views on the economy at the Democratic retreat. “He’s not a political person in any way,” she said.
Powell spoke to a gathering of House Republicans in recent weeks at the invitation of Minority Whip Steve Scalise of Louisiana, according to Scalise’s office.
This article was provided by Bloomberg News.