Former Trump economic adviser Stephen Moore told Fox Business Network’s The Bottom Line on Wednesday that he would have voted to raise interest rates by a quarter point.

Serving on the Federal Reserve Board, he would have accepted the increase to fulfill the bank’s duty of keeping prices and the dollar stable at a time of 3.5 percent inflation, with the chairman pulling money from the economy so surplus currency does not lift prices.

Moore added that Chair Kevin Warsh voiced confidence in the U.S. economy apart from higher oil prices, observing that the Fed cannot reduce oil costs yet can bring the general price level down from 3.5 percent, and he hoped further rate increases would not occur once energy issues resolve and growth strengthens still more.