FEDERAL RESERVE/TRUMP AS PRESIDENT/TRUMP PEOPLE: “President Donald Trump’s choice of former campaign adviser Stephen Moore to serve on the Federal Reserve Board is stirring misgivings among some bankers, who worry that the conservative economist would erode the Fed’s political independence. Moore hasn’t been formally nominated or even fully vetted by the White House yet, but Trump’s enthusiastic announcement that he would tap the Heritage Foundation economist for the central bank caught both Washington and New York off guard. A half-dozen bank representatives interviewed on Tuesday privately said they aren’t planning to take a position on the nomination, but their reservations are likely to come up in conversations with Republican senators, which could complicate Moore’s path to confirmation amid strong opposition from Democrats…Moore has picked up support from a handful of Republican senators but most GOP members of the Banking Committee have not yet taken a position at this early stage, including Chairman Mike Crapo (R-Idaho), whose backing is crucial.”
–Victoria Guida, “Trump’s pick of Moore for Fed sparks concern among bankers,” Politico, March 26, 2019 8:19 pm