Warren calls Moore "unqualified and unsuitable" at Fed headquarters

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In a hot letter sent on Friday, the Massachusetts Democrat and 2020 presidential candidate wrote that Moore had "a long history of utterly false statements about economic policy that seem to serve political purposes."

Moore, an economic commentator who advised Trump's campaign in 2016, raised controversy over his open criticism of the Fed's rate hike, echoing Trump's public attacks on the central bank.

Warren, in his letter, pointed out that Moore had quickly criticized the low rates when Barack Obama was president, but that he has since reversed that position, Trump attaching to the Fed's efforts to control the rate. economy by absorbing Republicans. tax reduction and other measures of expansion supported by the president.
She also spoke specifically of Moore's role in shaping tax cuts from former Kansas Republic governor Sam Brownback, who sparked a fiscal crisis and who were eventually overturned by the Republican legislators.

Moore did not immediately respond to a message left to comment on Warren's letter.

He has repeatedly argued against accusations that he was not qualified for the role, saying in an interview with CNN on Thursday that the central bank could be "dissociated from politics".

"I have 35 years of experience in the game of politics.I was the youngest budget analyst in Washington at the age of 25. I've also been a consultant." I am very proud of what we have accomplished, and many people have said it would be impossible to make this agenda work, "CNN's Erin Burnett told OutFront.

"I think my qualifications are strong enough," he said.

Moore also stated that he would not be the first board member with close ties to a current president, referring to former president Ben Bernanke, who held the positions of Chief economist to President George W. Bush.

"I believe in the importance of an independent Fed," said Moore, a former CNN analyst. "I think it can be separated from politics."

He added: "It is not unusual for the president to take someone who is in agreement with many of his economic views."

Four Republican senators declared that they would vote no. on Cain
Warren's letter comes as Republican senators have criticized the other choice of Trump, the former Republican presidential candidate, Herman Cain, whose candidacy was overturned in 2011 by charges of Sexual misconduct. Cain has always denied these allegations and posted a video on Facebook last weekend, promising to fight them again.
Four Republican senators said this week that they would not vote no-it was named, which left him no way of confirming it.
On Friday, Warren wrote a separate letter to Cain, saying he had changed his stance on monetary policy and worried about his super-PAC, which is sympathetic to Trump.

"You have commented on the Federal Reserve's policy that suggests a lack of alarming understanding of important aspects of the role and monetary policy of the Federal Reserve," she wrote.

The Republicans have been more hearty with Moore, although he is also facing personal problems including a tax lien of over $ 75,000.

"The distinction is pretty clear, I know him, I know his philosophy, his economic position, his skills, I know his heart, and I think it would be a good addition to the Fed." The issues that have been raised Kevin Cramer, a Republican Senator from North Dakota, told Moore, "These are all kinds of life problems. Sexual harassment is very different. "

Donna Borak, Haley Byrd and Katie Bernard from CNN contributed to this story.

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