Democrats pound Trump’s Fed nominee: ‘Why were you so wrong?’

Published January 23, 2018 5:23pm ET



Senate Democrats on Tuesday tried to embarrass President Trump’s nominee for Federal Reserve governor at a confirmation hearing by confronting him with comments he made during the recession about the possibility of higher inflation, after inflation has run below the Fed’s target for five years.

“Why were you so wrong so many times?” Sen. Sherrod Brown, D-Ohio, at one point challenged the nominee, Carnegie Mellon professor Marvin Goodfriend.

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