Trump's Fed Pick Bows Out of Contention

Stephen Moore withdraws name from consideration amid controversy
By Newser Editors and Wire Services
Posted May 2, 2019 11:55 AM CDT
Trump's Fed Pick Bows Out of Contention
President Trump speaks during a National Day of Prayer event in the Rose Garden of the White House, Thursday, May 2, 2019, in Washington.   (AP Photo/Evan Vucci)

President Trump says his pick for the Federal Reserve board, conservative commentator Stephen Moore, has withdrawn from contention. The decision comes amid controversy over Moore's past writings about women, per the AP. Moore had lost crucial Republican support in the Senate, which would have to vote on a potential nomination. Trump tweeted the news Wednesday, calling Moore "a great pro-growth economist and a truly fine person."

Numerous GOP senators said they objected to Moore's disparaging past writings about women or sidestepped questions about whether they would back Moore. Moore has said that he regretted the writings and that they were meant as humor columns. Moore was an adviser to Trump's presidential campaign and helped design the 2017 tax cuts. (Trump's other Fed board pick, Herman Cain, previously withdrew.)

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