White House's Kudlow says Jerome Powell can turn into good Fed chairman

White House's Kudlow says Jerome Powell can turn into good Fed chairman

"He is in the process".

Moore also said he would not be the first member of the board with close ties to a sitting president, referencing former Chairman Ben Bernanke, who served as chief economist to President George W. Bush.

Some Senate Republicans have voiced concerns over Cain's support for slashing interest rates, echoing a call by Trump.

The president has said privately that he knows Cain will have trouble getting confirmed to the Federal Reserve Board, people familiar with the matter said Thursday. "We as House Democrats have always said the Fed should be determining the rates, not politicians". But Trump tossed that precedent aside a year ago when he launched repeated blasts against the central bank, with Powell in the crosshairs.

Powell was Trump's choice to lead the Fed, but the president has been critical of him for raising interest rates.

The White House declined to comment, but Axios and the Wall Street Journal noted that Cain is being contemplated.

Million People at Risk as Deadly Storms and Tornadoes March East
As the storms tore through MS overnight into Sunday , they left a trail of destruction that authorities are still combing through. He said the threat for severe weather is greatest at such times but that the risk remained even after warm temperatures dropped.

American Airlines passenger jumps from plane at Phoenix airport, sustains 'minor injuries'
While waiting for the main door of the plane to open, the man opened a service door on the other side of the plane and jumped out. According to the police statement , he was stopped by airport workers after his dramatic escape bid and was taken into custody.

Southampton 3-1 Wolves: Premier League - Player Ratings
It is always with the idea of being stronger and a better team. "It was a good start from a team that was hard for me to select". We scored three times and could have scored more ".

"He said he didn't comment on appointments", Representative Donna Shalala said.

Representative Brad Sherman said Powell emphasized the Fed's independence and also talked about how USA debt and deficits are unsustainable in the long term. The Fed had predicted three more rate hikes next year, but many economists now think that is too many, especially with many experts predicting the USA economy will start slowing next year and could end up in a recession by 2020. The people in the session provided descriptions of Powell's remarks on the condition of anonymity. "Because Powell is disliked by Trump, we like him a lot more", he said. "Those are sort of issues of life". I know him. I know his philosophy, I know his economic positions, I know his credentials, I know his heart, and I think he'd be a good addition to the Fed.

Lacamp said it is not surprising to him that the president "would try to put his stamp" on the central bank by bringing two guys from non-academia and who are likely to vote to lower interest rates onto the Federal Reserve Board. I'm very proud of what we accomplished. The nomination of moore has encountered criticism he is unqualified and overly focused for a Fed board chair. The central bank's other top policymakers head the Fed's 12 regional banks and are chosen by local boards of directors, not the president.

Trump and Kudlow have both been critics of the Fed's policies under Powell.

The Fed is the government agency that sets interest rates and regulates financial companies. Or he can air his complaints in person, perhaps with some physical intimidation, as Lyndon Johnson is said to have done to Fed Chairman William McChesney Martin in 1965. "I think that should be helpful to the administration, actually".

Trump, who picked Powell as Fed chairman, has criticized the Federal Reserve's rate increases as it tried to gradually move them to a level that neither brakes nor stimulates growth.

Related Articles

  • Boy thrown from Mall of America balcony hospitalized

    Boy thrown from Mall of America balcony hospitalized

    In this case, he started fighting with the restaurant's manager, causing frightened diners to leave, according to CNN . Aranda lives in the Bloomington area and has had a series of arrests and convictions related to the mall.
    SpaceX Lands All Three Falcon Heavy Rocket Boosters Successfully

    SpaceX Lands All Three Falcon Heavy Rocket Boosters Successfully

    The satellite is created to provide television, internet, telephone, and secure communications to customers in the Middle East. One of the best traits of Falcon 9 is the reusability since the first stage of the rocket will always return to Earth.
    Unlucky 13th: Johnson accidentally hits ball off tee on practice swing

    Unlucky 13th: Johnson accidentally hits ball off tee on practice swing

    And the odd incident didn't shake Johnson's concentration; he birdied the hole to move to 1 over for the tournament. -Accidentally strikes the ball when making a practice swing or while preparing to make a stroke.
  • New Star Wars VR story invites you to step into Vader's castle

    New Star Wars VR story invites you to step into Vader's castle

    The 3-part Vader Immortal: A Star Wars VR Series by ILMxLAB is set to debut on Oculus later this Spring . Vader Immortal is set sometime between Episode III and Episode IV of the Star Wars film saga.
    Toronto Maple Leafs looking to go up 2-0 on Boston Bruins

    Toronto Maple Leafs looking to go up 2-0 on Boston Bruins

    A Foggy Jake DeBrusk spoke to reporters after the game but would not discuss the hit and sais he doesn't even really remember it. Kadri was briefly injured on a separate play late in the second period after he took a knee-on-knee hit from DeBrusk.

    Cale Makar signs entry-level contract with Avs

    Makar had 16-33-49 totals in his sophomore season at UMass and 21-49-70 totals in two seasons with the program. In 2019, the versatile defenseman helped lead the Minutemen to the NCAA Frozen Four Championship Game.
  • Reboot Card Fortnite: How to Revive Teammates

    Reboot Card Fortnite: How to Revive Teammates

    Apex Legends offers a fast-paced gameplay, but what really makes it stand out from Fortnite is the cool features that it brings. Apex took its own page from Fortnite , and launched its own battle pass that utilizes Fortnite's monetization model.
    Liverpool 2-0 Chelsea

    Liverpool 2-0 Chelsea

    His touch has been off and his decision-making sometimes poor, despite his impressive goal tally this season. Premier League - Follow the Football match between Liverpool and Chelsea live with Eurosport.
    CP NewsAlert: Tiger Woods captures fifth Masters golf title

    CP NewsAlert: Tiger Woods captures fifth Masters golf title

    While Woods and Molinari held the spotlight, there were other Green Jacket contenders lurking in the shadows, with twice U.S. After enduring four back surgeries that left Woods wondering if he'd ever play golf again, he won The Masters on Sunday.
  • Tiger Woods in position to end 11 year drought

    Tiger Woods in position to end 11 year drought

    Another shot behind was Brooks Koepka , who has won three of the last six majors and had a 69 despite four bogeys. Winds will increase ahead of the storms, with gusts expected to reach 25-30 miles per hour later in the day.
    At least 2 wounded in shooting at Australia nightclub

    At least 2 wounded in shooting at Australia nightclub

    Officers are photographing gutters and drains outside the nightclub as they continue searching for clues. Stamper stressed that there was "nothing to indicate" that the shooting was part of a "broader agenda".
    Uber filing offers glimpse under its hood ahead of IPO

    Uber filing offers glimpse under its hood ahead of IPO

    Uber will follow Lyft in going public. "But a good business doesn't necessarily mean a good investment". While we have had unparalleled growth at scale, we are just getting started".