Sign the petition: Keep Trumponomics out of the Federal Reserve. Reject Stephen Moore’s appointment to the Board of Governors.
The Federal Reserve is the Supreme Court of our economy. The Fed decides how many jobs there are at any given time, impacting employment rates, wages, and quality of life across the country. Each member of the Board of Governors is appointed by the President, and confirmed by the Senate to serve 14-year terms. Like Supreme Court Justices, Fed Governors are powerful officials who preside over the entire financial system and make important decisions about where to set interest rates and how to regulate banks.
This is why it is crucial that we ensure that the Federal Reserve consists of people who have working families’ interests at heart, not right-wing Trump cronies with a lengthy track records of extreme positions and inaccurate economic predictions.
Donald Trump has said that he plans to nominate the unqualified Stephen Moore to the Federal Reserve Board. How unqualified is Moore? Just check out what he says about himself:
"I'm kind of new to this game, frankly, so I'm going to be on a steep learning curve myself about how the Fed operates, how the Federal Reserve makes its decisions," Moore said Friday in an interview. "It's hard for me to say even what my role will be there, assuming I get confirmed."
Moore is being considered because of his history of promoting Trump’s ultra conservative, racist agenda by serving as a campaign advisor on Trump’s 2016 presidential campaign. Moore even published a Trump-approved book titled Trumponomics: Inside the America First Plan to Revive Our Economy.
Moore sold his discredited theories to Kansas Governor Sam Brownback, and after his “Kansas experiment” caused the state’s economy to tank, he brought it to the federal government, designing the 2017 GOP tax scam. Moore also founded the Club for Growth, a Tea Party precursor responsible for electing white supremacist Steve King and other extremists to Congress, and has worked with ALEC, the Heritage Foundation, and other right-wing organizations to suppress voting rights, deny climate change, and elevate corporate power over workers’ wages.
What’s Moore? Stephen Moore is a tax evader who owes over $75,000 in unpaid income taxes and penalty of interest fees.
Since the last recession, the Fed has generally prioritized its full employment mandate, keeping interest rates low and allowing for the creation of millions of jobs. Moore wants to eliminate that mandate altogether, even though it is the main tool the Fed has to reduce unemployment and help working families. Stephen Moore would be a disastrous addition to the Fed’s Board of Governors -- and his appointment would last until 2030, meaning he will be able to wreak havoc on the economy long after Trump is gone.
The good news? We can stop this nomination.Last year, we fought hard to oppose another Trump Fed nominee who wanted to gut the full employment mandate -- and we successfully blocked that nomination. We are ready to do it again.
Sign the petition today telling the Senate to reject Stephen Moore for the Federal Reserve.Participating Organizations:
American Family Voices
Center for Popular Democracy Action (CPD Action)
Climate Hawks Vote
Progressive Democrats of America
The Other 98%
From: [Your Name]
Stephen Moore is unfit to be on the Federal Reserve Board. We need serious policymakers who will uphold and defend the Fed’s full employment mandate, not discredited voices who have called on the Fed to slow the economy even at the height of the recession. In his decades as a partisan pundit, Moore has issued attacks on Republican senators and contradicted himself on monetary policy. That’s why economists from across the spectrum, including former Bush Council of Economic Advisers Chair Greg Mankiw, have said that Moore lacks the economic rigor required for this crucial policymaking role. We urge you to reject Stephen Moore’s nomination.