WASHINGTON (AP) — President Donald Trump says his pick for the Federal Reserve board, conservative commentator Stephen Moore, has withdrawn from contention.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. He lost Republican support in the Senate, which would have to vote on a potential nomination.
President Trump tweeted the news Wednesday, calling Moore “a great pro-growth economist and a truly fine person.”
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….
— Donald J. Trump (@realDonaldTrump) May 2, 2019
….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.
— Donald J. Trump (@realDonaldTrump) May 2, 2019
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 he regretted the writings and said 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, withdrew over past allegations of sexual harassment and infidelity.
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