Trump Fed pick Moore a self-described ‘radical’
Stephen Moore, who President Donald Trump announced last month as his nominee for the Federal Reserve Board of Governors, has a history of advocating self-described “radical” views on the economy and government.
In speeches and radio interviews reviewed by CNN’s KFile, Moore advocated for eliminating the corporate and federal income taxes entirely, calling the 16th Amendment that created the income tax the “most evil” law passed in the 20th century.
Moore’s economic worldview envisions a slimmed down government and a rolled back social safety net. He has called for eliminating the Departments of Labor, Energy and Commerce, along with the IRS and the Consumer Finance Protection Bureau. He has questioned the need for both the Department of Housing and Urban Development and the Department of Education. He has said there’s no need for a federal minimum wage, called for privatizing the “Ponzi scheme” of Social Security and said those on government assistance lost their dignity and meaning.
In other interviews and appearances, Moore repeatedly said he believed capitalism was more important than democracy.
Trump announced he would nominate Moore to the Federal Reserve Board of Governors last month. Moore works at the Heritage Foundation, a conservative think tank. He served as an adviser to Trump during the 2016 presidential campaign and is a friend of the president’s economic adviser Larry Kudlow. He was formerly a CNN contributor.
The nomination immediately drew criticism because Moore has been a fierce critic of the Federal Reserve and its chairman Jerome Powell.