The Federal Reserve sent some important signals last week about the state of the U.S. economy. WSJ's Gerald F. Seib explains why that spells good news and bad news for President Trump. Photo: GettyFormer Trump campaign adviser Stephen Moore, the president’s latest pick for a Federal Reserve Board seat, said the central bank’s recent policy pivot shows that he was right to criticize its December interest-rate increase. Shortly after that rate increase, Mr. Moore delivered a scathing assessment of Fed Chairman Jerome Powell in a December interview with The Wall Street Journal, calling him “totally incompetent” and saying he should resign.

Source: Wall Street Journal March 25, 2019 20:05 UTC