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Tags: Steve Moore Blasts Fed for Creating ‘Liquidity Crisis’

Steve Moore Blasts Fed for Creating 'Liquidity Crisis'

President Donald Trump and Federal Reserve Jerome Powell shake hands in the White House Rose Garden in November 2017. (Drew Angerer/Getty Images)

By    |   Friday, 27 September 2019 04:09 PM EDT

It’s looking more and more like President Trump was right and the Federal Reserve's economists were wrong over whether the U.S. money supply needed more cash.

Former Trump administration Federal Reserve candidate Stephen Moore says the Fed’s recent injection of over $400 billion in short-term loans to keep banks well capitalized indicates the Fed’s tight-fisted monetary policy in recent years has “created a liquidity crisis.”

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It's looking more and more like President Trump was right and the Federal Reserve's economists were wrong over whether the U.S. money supply needed more cash.Former Trump administration Federal Reserve candidate Stephen Moore says the Fed's recent injection of over $400...
Steve Moore Blasts Fed for Creating ‘Liquidity Crisis’
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2019-09-27
Friday, 27 September 2019 04:09 PM
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