Tags: Joe Biden | stephen moore | jerome powell | fed

Stephen Moore: Fed's Powell May Enact 'Corporate Welfare' to Keep Job

Federal Reserve Chairman Jerome Powell (Susan Walsh-Pool/Getty Images)

Wednesday, 09 December 2020 10:51 AM

Federal Reserve Board Chairman Jerome Powell will likely cozy up to Joe Biden as a way to ensure his reappointment come February 2022, says conservative economist Stephen Moore, who warns that the situation could lead to “corporate welfare.”

Moore expects that Powell won’t cross Biden too much as he attempts to lock in another four-year term as Fed chair. Moore said sources at the Fed told him that Powell loves the job and that he wants to keep it. “He will want to curry favors with Biden to make sure he is reappointed,” Moore said of Powell.

© 2021 Newsmax. All rights reserved.


   
1Like our page
2Share
platinum
Federal Reserve Board Chairman Jerome Powell will likely cozy up to Joe Biden as a way to ensure his reappointment come February 2022, says conservative economist Stephen Moore, who warns...
stephen moore, jerome powell, fed
958
2020-51-09
Wednesday, 09 December 2020 10:51 AM
Newsmax Media, Inc.
More Platinum Articles
 

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
America's News Page
© Newsmax Media, Inc.
All Rights Reserved