Club for Growth founder and former-Trump campaign adviser Stephen Moore says his harsh criticism of the Fed for raising interest rates was ‘spot-on’.
In an in interview Monday with The Wall Street Journal, Mr. Moore, President Trump’s pick for a Federal Reserve Board seat, said the central banks’ recent policy pivot proves he was right.
“They made a mistake,” Mr. Moore said. “Nobody’s perfect. They have admitted they made a mistake. Was I harsh? Yes, and I wish I hadn’t been.”
Most officials have now projected there will be no rate increases this year if the economy performs as expected. And the policy pivot, Mr. Moore said, it is “an example of where I was right, and where my critics were wrong.”
“I’m a big fan of the President, and I am a big fan of what has done for the economy,” he said, noting his opposition to President Trump’s steel tariffs.
“I’m not a sycophant for Trump,” he said.
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