Former Trump economic adviser blasts Fed's inflation forecast, calls for new chairman

Caution is building in financial markets as the latest inflation data is set to be released. Former Trump White House economic adviser Steve Moore discussed the situation, noting that inflation is running between 2.5% and 3%, slightly above the Federal Reserve's 2% target. "We're in much better shape than we were under Biden when inflation was five, six, seven, eight, even 9%," Mooren said. He emphasized the importance of the Fed's role in controlling inflation.

Moore also criticized the Federal Reserve's growth predictions, highlighting a discrepancy between their forecast of 1.6% growth and the actual 3.8% growth. "This is the gang that can't shoot straight at the Fed," he remarked, calling for a new Fed chairman.

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