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Trump tweets his Fed pick is no longer running hours after Moore says he’s in
President Donald Trump’s second Federal Reserve board nominee has now ostensibly withdrawn his nomination. Trump tweeted that Stephen Moore was out just hours after the economist had said he was “all in.”
Calling Moore a “great pro-growth economist and a truly fine person,” Trump said the economist had decided to withdraw from the nomination process.
“Steve won the battle of ideas including tax cuts and deregulation which have produced non-inflationary prosperity for all Americans,” Trump tweeted, adding Moore will work with him “toward future economic growth” in an unspecified capacity.
....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
Earlier on Thursday, however, Moore had told Bloomberg reporters he was “all in” on the nomination, even though he faced an uphill battle in the Senate, with Democrats and mainstream media outlets targeting his “25-year track record of dismissing women and criticizing gender equality” (CNN).
He also disagreed with Trump on the need for a one-percent cut to the prime interest rate, prompting some business observers to speculate he would be “fired” by Trump via tweet almost an hour before it happened.
Looking forward to Moore learning via Trump tweet that he's decided to withdraw from the process.
— Conor Sen (@conorsen) May 2, 2019
Moore is the second Trump nominee in two weeks to drop out of the nomination process for a seat on the Fed board. On April 22, Trump tweeted that Herman Cain had asked him to withdraw his nomination.
Also on rt.com Under pressure, Herman Cain bows out of Fed nomination
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