JUST IN: Stephen Moore has withdrawn his name from consideration to sit on the Federal Reserve Board of Governors, President Trump says
Economic commentator Stephen Moore has withdrawn his name from consideration to sit on the Federal Reserve Board of Governors, President Donald Trump tweeted on Thursday.
"Steve Moore, a great pro-growth economist and a truly fine person, has decided to withdraw from the Fed process. Steve won the battle of ideas including Tax Cuts and deregulation which have produced non-inflationary prosperity for all Americans. I've asked Steve to work with me toward future economic growth in our Country," Trump wrote.....and deregulation which have produced non-inflationary prosperity for all Americans.
— Donald J. Trump May 2, 2019 Earlier Thursday, CNN reported that conversations were underway in the White House over how to proceed with the bid, according to one official, who said a decision on whether to move forward would likely have to be made by week's end.Moore, a former Trump campaign adviser, was a controversial pick from the start for the normally staid and apolitical Fed, which is responsible for setting interest rate policy for the US economy.
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