The Rock Gazette | April 4, 2019
By Richard Fernandez

Stephen Moore is asking the Federal Reserve to slash the interest rates immediately, a move that would reinforce the fears of Wall Street of an impending recession. The economist of President Donald Trump Moore on Tuesday said that he would be nominating to the Federal Reserve that The United States central bank need to reverse its course and slash its interest rates by ½% immediately.

Obama appointed employee who is on the board of Federal Reserve from 2010 – 2014, Sarah Bloom Raskin, had predicted that the markets would fall if the Fed takes the advice of Moore and cuts the rates immediately before even waiting for the upcoming meeting.  Raskin said that this is the definition of poor communication when it comes to monetary policy.