Tags: stephen moore | brent bozell | federal reserve | wage gap | larry kudlow

MRC's Bozell Slams 'Unprecedented' Attacks on Fed Choice Stephen Moore

MRC's Bozell Slams 'Unprecedented' Attacks on Fed Choice Stephen Moore
Economist and prospective Federal Reserve Board nominee Stephen Moore. (Tom Williams/AP)

By    |   Tuesday, 30 April 2019 06:36 PM

The conservative Media Research Center on Tuesday unveiled a highlight reel of economist Stephen Moore’s strongest media appearances that may help explain the tempest over his expected nomination to the Federal Reserve Board -- his effectiveness communicating Trump’s economic policies.

On ABC News’s “This Week With George Stephanopoulos” Sunday, Moore noted the initial objections to his nomination focused on his credentials. Once that effort collapsed, he says, Plan B for Trump administration antagonists was to resort to a “sleaze campaign” focusing on “character assassination,” he said.

The longtime columnist said at least half a dozen mainstream media reporters are now sifting through everything he’s ever written, including columns that he says were written as provocative spoofs.

Those columns have now been used to link him to views that now sound antediluvian, such as questioning the advisability of having women receive equal pay. Moore now admits those tongue-in-cheek remarks were not funny, and has apologized.

Moore and Larry Kudlow, who serves as director of the National Economic Council, were the architects of the Trump tax cuts and deregulation policies that have spurred GDP growth over 3 percent, record low unemployment, and extremely low inflationary pressure. Over 100 prominent economists, including scores of women, have endorsed putting Moore on the Fed.

The video released Tuesday of recent appearances by Moore across the media spectrum provides voters a chance to see Moore defend his own record free from the filter of the mainstream media.

“The media’s broadside against Steve Moore is no surprise,” MRC founder Brent Bozell told Newsmax on Tuesday in an exclusive statement. “Moore’s pro-growth vision has been proven right by the booming economy.

“The liberal media’s mentality is we must stop any success coming from conservatives,” he added, “so they have launched a smear campaign against Moore that is unprecedented against a Federal Reserve Board nominee -- before he has even been nominated.”

Among the key points Moore makes in the video:

  • He was among the first economists to warn that it was a blunder in December when the Fed raised interest rates, calling it “economic malpractice.” Moore told Stephanopoulos “It was a terrible decision by the Fed. The stock market fell 2,500 points in the subsequent weeks on that.” The Fed was forced to back off further rate hikes, effectively admitting Moore’s analysis was correct.
  • The fundamental difference between Moore and many other economists, he says, is his belief that growth is deflationary rather than inflationary. “In fact,” he says, “growth reduces inflation.”
  • The best way to close the wage gap between men and women is to spur strong economic growth. This allows women and minorities to increase their wages, he says.
  • There are currently 7.1 million more jobs than people to fill them -- the most job opening ever recorded.
  • He notes millions of Americans have dropped off the food stamp and disability rolls, suggesting that they have been able to find good-paying jobs in a hot economy.

As Moore stated on CNBC: “The question I would kind of ask my critics is, ‘Why are they so afraid of me?’ I mean, why are they so afraid that someone of my views will get on the Fed? And I think partly the answer is they think that I’ll be an effective communicator.”

Bozell comments: “Watching him make the TV rounds, I don’t think there is a more articulate promoter of the Trump economy than Moore.”

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The conservative Media Research Center on Tuesday unveiled a highlight reel of economist Stephen Moore's strongest media appearances that may help explain the tempest over his expected nomination to the Federal Reserve Board -- his effectiveness communicating Trump's...
stephen moore, brent bozell, federal reserve, wage gap, larry kudlow
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2019-36-30
Tuesday, 30 April 2019 06:36 PM
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