FEDERAL RESERVE/NANCY PELOSI/NOMINATIONS/TRUMP AS PRESIDENT/TRUMP PEOPLE: “Speaker Nancy Pelosi on Thursday [4-11-19] sharply criticized President Donald Trump’s planned picks for the Federal Reserve, Herman Cain and Stephen Moore, warning that the hyperpartisan duo would be ‘dangerous’ for the economy…Democrats and Republicans alike have skewered Cain, a former pizza magnate, and Moore, a former member of the Wall Street Journal editorial board, to the central bank’s coveted board of governors. The stakes are high, Democrats argue, because Trump has repeatedly lashed out Chairman Jerome Powell on Twitter for hiking interest rates and has reportedly threatened to fire him…Powell will speak to House Democrats in a closed-door session later Thursday at which they’ve said they want him to talk about ‘kitchen table’ economic issues. But they’re also likely to bring up Trump’s intentions to swing the board’s governors to his favor. Adding close Trump allies to the seven-member board would dramatically reshape the traditionally nonpolitical institution. But Trump’s picks — with little monetary policy experience but a lot of political baggage — have distressed Republican lawmakers, muddying the path forward in the Senate.”
–Sarah Ferris, “Pelosi: Trump’s Fed picks are ‘really dangerous’,” Politico, April 11, 2019 10:25 am