CNBC’s Harwood on Steve Moore, Herman Cain Picks: He’s Looking for ‘Political Juice’ on the Fed for the Election

‘Herman Cain, who was an executive, who was chair of the regional Fed in Kansas City but doesn’t really have any monetary policy expertise’

RUSH EXCERPT:

HARWOOD: “Right. He wants these immediate report cards, the movement of the stock market from moment to moment. He wants to get short-term economic growth, and you know, we did have a — an uptick in growth in 2018 after that 2017 tax cut, but now — that is now fading. You know, this is a recovery that’s ten years old. The job growth that we have for the tenth year of recovery is very strong. Averaging 180,000 a month when you smooth out January, February, and March so far, so that’s positive. But what you don’t want to do is get all political with the federal reserve. We’ve seen him in the last few days indicate that he wants to put Steve Moore, who is not an economist, but he’s somebody who has been a — an economic political actor on the Republican side, and Herman Cain, who was an executive, who was chair of the regional fed in Kansas City but doesn’t really have any monetary policy expertise, because the president’s looking for political juice on the fed so that they will give him some political juice in the economy as he election.”

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