Moore Withdraws Name to Be Trump Fed Board Pick

The transcript discusses the withdrawal of a nominee for the Federal Reserve, highlighting the reasons for the withdrawal and the lessons the President should learn in selecting future nominees. It critiques Steven Moore's economic views and emphasizes the importance of choosing qualified candidates who can maintain the Fed's independence. The speaker supports Jay Powell as a suitable choice for the Fed.

What was the speaker's initial reaction to the nominee's withdrawal?

• Indifferent to the nominee's withdrawal

• Angry because the nominee was a personal friend

• Expected because the nominee was not suitable

• Surprised because the nominee was highly qualified

What controversial view did the nominee hold?

• Support for increased child labor laws

• Opposition to tax cuts for the rich

• Repeal of child labor laws

• Support for universal healthcare

Why was the nominee's economic policy considered discredited?

• It led to increased economic growth

• It was widely accepted by economists

• It was a trickle-down approach that failed

• It was successful in Kansas

What does the speaker suggest the President should do when selecting a Fed nominee?

• Select someone who opposes the Fed's independence

• Pick a nominee quickly without consultation

• Consult with experts and choose a qualified candidate

• Choose someone based on political affiliation

Who does the speaker support as a model for a Fed nominee?

• A Democrat with no economic background

• A nominee with controversial views

• A Republican who values the Fed's independence

• Someone with no prior experience in economics