President Donald Trump sought to pressure the Federal Reserve into drastic moves to boost an already-healthy USA economy, calling for a steep interest-rate cut and the resumption of bond purchases as the central bank met to weigh monetary policy.
As Fed officials met in Washington for their latest policy discussion, Trump on Tuesday tweeted that it would send the USA economy "up like a rocket if we did some lowering of rates, like one point, and some quantitative easing". The Fed is also likely to allow the central bank's asset holdings to continue to shrink - not expand as they would under quantitative easing.
The president is making the strong economy a central tenant to his re-election bid and has consistently attacked the central bank for its interest rate hikes.
"We have the potential to go. up like a rocket if we did some lowering of rates, like one point, and some quantitative easing", he said on Twitter in his second half. Asked if he would oppose Moore if nominated, Graham said he would study the pick.
The Fed's target interest rate now is set at a range of between 2.25 and 2.5 percent.
Spokeswoman Sarah Sanders said Monday the White House was reviewing Moore's controversial writings, some of which date back some 20 years.
He said concerns about Moore are being shared by GOP senators directly with the White House, as had happened with Cain. "I know how he feels about women, how he treats women in the workplace".
In a column for the Washington Times in 2000, Moore wrote that colleges were places for men to lose their boyhood innocence and "stay out way too late drinking".
Moore also provided some clarity about an extremely questionable joke that he couldn't help but make in a speech on health-care given shortly after the election of Donald Trump: "By the way, did you see, there's that great cartoon going along?A New York Times headline: 'First Thing Donald Trump Does as President Is Kick a Black Family Out of Public Housing, ' and it has Obama leaving the White House".
Thune said he expects the concerns about Moore will have an impact "not just on some of our women members but everybody generally".
Last month, the Federal Reserve made a major shift toward neutral policy, with 11 of the 17 FOMC members anticipating no further interest rate changes this year.
The Fed is widely expected to hold rates steady this week, according to a Reuters report.