INSUBCONTINENT EXCLUSIVE:
said in an interview Friday with Bloomberg Television
Nominees for the job are subject to Senate confirmation.
Moore, an economist at the conservative Heritage Foundation, said in the interview
investment and said the Fed had worked at cross purposes to that by tightening credit and withdrawing money from the economy.
Deflation
broad-based fall in commodity prices in recent months.
The Fed nominee said the US economy is being weighed down by a slowdown in global
programs, called quantitative easing, Moore said he would reserve judgment about what the central bank should do with its $3.9 trillion
drawdown of its bond holdings in September.
