Project 2025 co-author Stephen Moore smears Federal Reserve rate cut as “political interference” in 2024 election
Moore: “I think this looks like political interference on the part of the Fed to help Kamala Harris over the goal line.”
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From the September 18, 2024, edition of Fox News' Hannity
SEAN HANNITY (HOST): Doesn't Jerome Powell often talk about the independence of the Federal Reserve? And how convenient, for the first time in four years, just before -- weeks before an election, just as early voting begins in Pennsylvania now and around the country, let's drop interest rates and give people the impression that everything's better.
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STEPHEN MOORE (GUEST): I think the Fed has gotten a lot of egg in their face today. I think a lot of Americans feel like the Fed has politically interfered with this election. I think Trump said something to that effect. And, so -- and you're right. Jerome Powell has said so many times, "Oh, we have to protect the Fed from political interference." But I'm here to tell you, I think this looks like political interference on the part of the Fed to help Kamala Harris over the goal line.
HANNITY: David Asman, your take?
DAVID ASMAN (GUEST): Steve is very diplomatic, I must say. I think it's a clear case of this guy putting his finger on the scale. I mean, that's what's happening. He could've waited till -- as Steve was saying, he's waited this long. He couldn't wait a month until the election is over to do this?