TagStephen Moore

Trump Could Put an End to Stock Market Madness with a Single Tweet

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Whether or not the U.S. economy is headed for a recession depends on who you ask. Wall Street firm Bank of America believes that the chances of a recession just went up. Meanwhile, economist Stephen Moore reportedly says that the economy is experiencing "short term pain for long-term gain," according to Fox Business. In the end, the reality probably lies somewhere in the middle, as the U.S...

Moore Madness: Trump Fed Pick Creates Insane Bitcoin Central Bank

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stephen moore, bitcoin central bank

As loathful as the term "central bank" should be true Bitcoin stalwarts, the sector is about to get a mini-Fed of sorts if Trump ally Stephen Moore and his happy band of blockchain developers get their way According to the Fox Business Network, Moore, who recently withdrew his bid to become a Federal Reserve board member, has teamed up with tech entrepreneurs who are looking to create a central...

Stunning! Dow Recovers as US Economy Thrives, Adding 263k Jobs

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NYSE trader

By CCN: The Dow Jones has surged by 0.8% on the day to 26,517 points after a dip on May 2, which saw the Dow fall to as low as 26,213 points. The unexpected 1.6% decline in the Dow earlier this week is said to have been primarily triggered by the withdrawal of Stephen Moore from the consideration of being placed on the Federal Reserve Board of Governors. U.S. President Donald Trump said: "Steve...

Dow Blasts Higher After Controversial Fed Pick Ditches Trump

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donald trump dow jones stock market

By CCN: The stock market shot higher on Friday, enabling the Dow to slam the brakes on its multiday decline. Meanwhile, President Trump dropped the shocking announcement that controversial Federal Reserve nominee Stephen Moore had yanked his name from consideration. Dow Races Higher After Two Days of Brutal Declines By 2:03 pm ET, the Dow Jones Industrial Average had jumped 210.69 points or 0.8%...

Dow Will Crash 91% to Reagan-Era Levels if Trump Loses in 2020: Fed Pick

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donald trump dow stock market

By CCN: The Dow and broader U.S. stock market rose Monday, bolstered by strong consumer spending data that pointed to a firm domestic recovery at the start of the year. Although markets are enjoying record highs for now, Donald Trump’s new Federal Reserve appointee thinks a 1929-style crash is likely if Democrats take control of the White House. Dow Gives Back Gains; S&P 500, Nasdaq Hit All...

Why Trump's Controversial Fed Pick is Massively Bullish for Bitcoin

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donald trump, mueller report

By CCN.com: Donald Trump might frequently complain about the Federal Reserve and Jerome Powell, but until now no one cared. His latest move to recommend Stephen Moore for a seat on the Fed’s board is potentially explosive, with ripple effects that could hit the global monetary system hard. Puppet central banks and inflation go hand in hand, so over the long-term, this could be extremely bullish...

Trump's Fed Reserve Pick in the Middle of Collusion Controversy

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federal reserve

Trump’s pick for the Federal Reserve Board, Stephen Moore, is shrouded in controversy as he heads to the first round of confirmation questions from the U.S. Senate. Moore, who has been a vocal proponent of Trump’s economic vision, has alleged ties to a convicted Russian spy and a political operative with a questionable past. Stephen Moore and Paul Erickson share a history. Per NPR, Moore and...