Stephen Moore, a co-founder of the Committee said: “on behalf of Steve Forbes and Arthur Laffer and our honorary chairman John Catsimatidis, I can say that we are thrilled that Phil will expand the activities and impact of the Committee as we tackle issues ranging from tax cuts 2.0, trade policy, the Fed and monetary policy, and fighting back against prosperity-killing ideas, including high-taxes and radical green initiatives, coming from the Left.”
“The Committee co-founders are icons of the supply-side movement, and I couldn’t be more excited to join the Committee to Unleash Prosperity and its vital efforts to educate the public and government officials on the benefits of free markets and pro-growth policies,” Kerpen said.
In his two decades of free-market analysis and advocacy work in Washington, Kerpen has also worked at Americans for Prosperity, the Free Enterprise Fund, the Club for Growth, and the Cato Institute.
Stephen Moore will retain the Chairman title and remain closely involved in day-to-day operations.
NBC reports that Judy Shelton faces obstacles to confirmation:
“pressing questions — whether she could be a future chair at the central bank, and if she even will be able to serve if confirmed.
The first is largely a political question and would only come into play if Trump continues to be dissatisfied with Chairman Jerome Powell and chooses not to renominate him when his term expires in 2022.
The second, though, is a sticky legal question and centers around a provision in the Federal Reserve Act that prohibits two governors from the same district. Governor Lael Brainard hails from the same Richmond region, though it’s not clear that there wouldn’t be a way around the rule.