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Stephen Moore withdraws from consideration for Fed post



Stephen Moore.

President Donald Trump’s pick for a seat on the Federal Reserve has withdrawn from consideration after weeks of criticism against economic commentator Stephen Moore’s changing views on interest and sexist comments about women.

Trump said via Twitter 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.”

Reuters reports that only hours earlier, Moore had told Bloomberg TV that he was “all in” and that he expected to be nominated within three weeks.

This is the second Trump pick that has withdrawn from consideration. Former presidential candidate and businessman Herman Cain withdrew from consideration in mid-April.

Some lawmakers were worried that Moore’s loyalty to Trump and partisanship could threaten the Federal Reserve’s independence, seen as a critical element for the central bank’s ability to conduct policy effectively.

 

 

John Cichelero

 

 

 


Stephen Moore se retira de consideración para puesto en Reserva Federal

 

Stephen Moore.

La elección del presidente Donald Trump para un asiento en la Reserva Federal se ha retirado de consideración luego de semanas de críticas contra los cambios de opinión del comentarista económico Stephen Moore sobre el interés y los comentarios sexistas sobre las mujeres.

Trump dijo a través de Twitter el jueves: “Steve Moore, un gran economista pro crecimiento y una persona verdaderamente buena, ha decidido retirarse del proceso de la Reserva Federal. Steve ganó la batalla de ideas, incluidos los recortes de impuestos … y la desregulación que han producido una prosperidad no inflacionaria para todos los estadounidenses. Le he pedido a Steve que trabaje conmigo para el crecimiento económico futuro en nuestro país “.

Reuters informa que solo unas horas antes, Moore le había dicho a Bloomberg TV que estaba “comprometido” y que esperaba ser nominado dentro de tres semanas.

Esta es la segunda opción de Trump que se ha retirado de la consideración. El ex candidato presidencial y hombre de negocios Herman Cain se retiró de la consideración a mediados de abril.

A algunos legisladores les preocupaba que la lealtad de Moore a Trump y el partidismo pudieran amenazar la independencia de la Reserva Federal, vista como un elemento crítico para la capacidad del banco central de conducir una política de manera efectiva.

 

 

John Cichelero

 

 

 


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