Steve Moore: Jerome Powell Is an ‘Overrated Fed Chairman,’ He Almost Through the Economy into a Recession in Trump’s First Term

RUSH TRANSCRIPT:
BARTIROMO: “What do you think happens next week at the Fed meeting will we see rates or do we think the Fed will cut rates in September, President Trump says he thinks Powell will do the right thing.”

MOORE: “Jerome Powell and Donald Trump did not have a friendly relationship that is for sure. Would you look at the history of what Powell does he’s an overrated fed chairman, he is the chairman who almost through the economy into a recession and Trump’s first term while being tight with the lower rates in a abiding he is the Fed chairman with the highest inflation rate in 30 years and you should be held accountable for that he has to explain why it is that he was cutting interest rates in the months before the election may be because he wanted kalama Harris to win the election but inflation was high back then, now inflation is lower that it was back then but you want lower rates, that deserves an explanation, what he will do I can’t predict because common sense suggests that a rate cut is needed right now.”