Moore picks up key backing for potential U.S. Fed board post

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Moore picks up key backing for potential U.S. Fed board post
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Stephen Moore, President Donald Trump's pick for a seat on the U.S. Federal...

- Stephen Moore, President Donald Trump’s pick for a seat on the U.S. Federal Reserve board, picked up a key endorsement from a Senate Republican on Thursday when Pennsylvania’s Pat Toomey said he would be “inclined to support” the conservative commentator despite Moore’s past sexist comments.

Toomey, who made the remarks in a CNBC interview, is the first Republican in several days to publicly back Moore since he came under fire for past writings that have disparaged women. Moore had defended his opinion columns as humor but now says he regrets them after they became a problematic issue over the past two weeks.

Toomey, who more than a decade ago succeeded Moore as head of the Club for Growth, a conservative political action committee Moore had founded, is a senior member of the Senate Banking Committee that would review his nomination if the White House formally submits it, which has not yet occurred. That followed comments a day earlier from Senator Joni Ernst, a Republican from Iowa, who said she would be “very unlikely” to support Moore for one of two vacant seats on the Fed’s Board of Governors, a seven-member panel of policy makers who vote on U.S. interest rate policy.

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