FILE PHOTO: Federal Reserve Board building on Constitution Avenue is pictured in Washington, U.S., March 19, 2019. REUTERS/Leah Millis/File Photo
March 27, 2019
(Reuters) – President Donald Trump’s expected nominee for the Federal Reserve Board of Governors, Stephen Moore, said the U.S. central bank should immediately cut interest rates by half a percentage point, according to an interview with the New York Times on Tuesday.
He also told the Times he is not a “sycophant for Trump” or “a dove” on monetary policy, a reference to policymakers who put less emphasis on using rate hikes to stunt inflation.
(Reporting by Trevor Hunnicutt in New York and Ann Saphir in San Francisco; Editing by Leslie Adler)