Trump Won't Nominate Stephen Moore for Fed Board

[mahatmakanejeeves]

Source: New York Times

BREAKING

Trump Won't Nominate Stephen Moore for Fed Board

By Maggie Haberman and Jim Tankersley
May 2, 2019

WASHINGTON -- President Trump said he would not nominate Stephen Moore for a seat on the Federal Reserve board after several Republican lawmakers raised concerns about the conservative economist's previous comments denigrating women.

Mr. Trump, in a tweet, said "Steve Moore, a great pro-growth economist and a truly fine person, has decided to withdraw from the Fed process."

{snip the tweet}

Mr. Trump added that Mr. Moore would "work with me toward future economic growth in our Country."

Mr. Moore, who continued to insist as recently as Thursday that he retained Mr. Trump's support, appeared unlikely to win Senate confirmation after Republican lawmakers criticized his past comments and financial issues stemming from a 2010 divorce.

Read more: https://www.nytimes.com/2019/05/02/business/stephen-moore-fed.html

---

Hat tip, Joe.My.God.:

https://www.joemygod.com/2019/05/trump-wont-nominate-stephen-moore-for-fed-board/

President Trump's Federal Reserve pick Stephen Moore expresses regret over a comment he made in 2016 about Trump kicking former President Obama's family out of "public housing." https://cnn.it/2GTxknF

Link to tweet

[unblock]

1. apparently there is such a thing as "too inept to work for donald fraud"

but daaaaaaaamn!

[ResistantAmerican17]

2. Womp womp

Fuck this looney enema nozzle. Hope he gets kicked off tv now too.

[CaliforniaPeggy]

3. That is good news! He has no business being on the Fed Board. n/t

[Turbineguy]

4. He's just too fine a man.

[rurallib]

15. !

I wish you'd give some warning - almost lost a keyboard.

[sinkingfeeling]

5. But where will IQ45 find a worse candidate?

[mobeau69]

7. Ivanka's good with numbers

[djacq]

6. Is he picking another that has problems with women being the bread winner?

Adding more to the swamp.

[DinahMoeHum]

8. Moore is just Brett Kavanaugh with bifocals. . .

. . .just sayin'

[Yavin4]

9. The big money people said "No".

Any other govt agency, and it would be fine. Not the one that deals with the nation's money supply.

[GulfCoast66]

11. Winner, winner chicken dinner.

They won’t let anyone screw with our money supply.

And that not necessarily a bad thing.

[Yavin4]

12. It also shows our priorities.

Moore is no dumber than Betsy Devos, Rick Perry, or Ben Carson at HUD.

[BigmanPigman]

14. That is what I thought right away.

The GOP only makes sensible decisions when it hits close to their heart...their wallets. I guess that makes it close to their asses actually.

[question everything]

10. First Cain "9-9-9" and now Moore - perhaps there is still hope for one instituion

[SunSeeker]

13. He was too nuts for the GOP's donor class. And what they say trumps Trump. nt

[jmowreader]

16. How Trump picks his "very fine people":

Trump picks a resume off the pile and begins to read.

“Gregor Samsa awoke one morning to discover that he had been turned into a giant cockroach.”

He puts the resume on a growing pile. “Nah. It’s too good.”

[nitpicker]

17. From The Guardian

https://www.theguardian.com/business/2019/may/02/stephen-moore-trump-federal-reserve-nominee-withdraws-latest

(snip)
The president’s decision follows a series of reports by the Guardian on Moore’s financial and legal issues, and a controversy over past remarks about women made by Moore in speeches and published articles.
(snip)

Earlier on Thursday, the Guardian revealed that Moore had continued underpaying alimony to his ex-wife for years after he was reprimanded by a judge for failing to pay his debts to her.

Moore was, in 2012, found in contempt of court for failing to pay $300,000 in alimony and money owed in his divorce settlement. He was separately pursued by the Internal Revenue Service for $75,000 in unpaid taxes.

The president’s selection of Moore, a former Wall Street Journal writer and mainstay of conservative economic thinktanks in Washington, was sharply criticised by economists including the Nobel prize winner Paul Krugman.

Concerns were raised over Moore’s lack of academic experience, along with his explicitly political campaigning for Republicans over recent decades – highly unusual for a senior official at the powerful central bank.
(snip)