Contrary to Mr. Trump’s description of him, Mr. Moore is not an “economist” (at least in the usual sense of holding a PhD in economics; he has a master’s degree). History has not been kind to Mr. Moore’s warnings, during the Obama administration, that the Fed was stoking inflation. More recently, he has switched to echoing Mr. Trump’s hyperbolic warnings that Fed policy is deflationary. Fortunately, there is only so much impact Mr. Moore can have if the Senate confirms him as one of seven governors; Mr. Trump’s previous picks, including Mr. Powell, have been qualified. Probably the major cloud on the economic horizon is Mr. Trump’s trade wars with sundry countries.

Source: Washington Post March 23, 2019 21:22 UTC