Moore Breaks With Trump Over Call for Rate Cut Before Withdrawal

Trump, in a pair of tweets on Tuesday, called for a full percentage-point cut in interest rates and a resumption of bond buying to stimulate the economy just as the central bank was meeting to discuss monetary policy.Moore continued, however, to characterize the Fed’s December rate hike as “economic malpractice” in a separate meeting with reporters and editors at Bloomberg News, adding that he had no objection with the Fed’s decision on Wednesday to leave rates unchanged.