U.S. President Donald Trump's pick to fill a seat on the Federal Reserve ha...
- U.S. President Donald Trump’s pick to fill a seat on the Federal Reserve has withdrawn from consideration after weeks of criticism against economic commentator Stephen Moore’s shifting views on interest rate policy and sexist comments about women.
Earlier Thursday, Moore had told Bloomberg TV that he was “all in” and that he expected to be nominated within three weeks. But in a letter of resignation, tweeted by a New York Times White House reporter, Moore said the toll the scrutiny was taking on his family made continuing the process “untenable.” Moore didn’t immediately respond to a request for comment from Reuters.
But it was Moore’s history of sexist comments about women, both jokingly and not, that appeared to most hurt his prospects, with Republican senators including Joni Ernst citing those remarks for their opposition to, or at least hesitation over, Moore.
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