Stephen Moore joins Herman Cain to drop out from Fed nomination

Stephen Moore joins Herman Cain to drop out from Fed nomination

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Stephen Moore speaking with attendees at a fundraiser for the ASU Center for Political Thought & Leadership at the Country Club at the DC Ranch in Scottsdale, Arizona. Photo by Gage Skidmore
Stephen Moore speaking with attendees at a fundraiser for the ASU Center for Political Thought & Leadership at the Country Club at the DC Ranch in Scottsdale, Arizona. Photo by Gage Skidmore

THE WHITE HOUSE – President Donald Trump announced on Twitter this afternoon that:

Earlier in the day, White House Press Secretary Sarah Sanders updated reporters on the status of Moore’s nomination to the Federal Reserve Board of Governors as it relates to his many controversial comments:

(Audio: Sanders saying the White House is reviewing the nomination and Moore’s comments”

Moore’s many controversial comments have landed him in trouble on Capitol Hill. He said recently that the biggest problem for the economy has been declining male earnings, then went on to say that female earnings have risen but that male earnings are falling.

Nor have his prospects for a Fed seat been helped when he called Ohio, a critical rustbelt state, “the armpit of America.”

Moore is the second Fed board nominee to drop out. Trump said on April 24 that he was withdrawing Herman Cain’s name from consideration at his request. Cain had been the subject of several sexual harassment complaints. After a woman claimed she had a years-long affair with him, she threatened to reveal intimate photos to Congress. Cain denied any wrongdoing.

With Moore and Cain out of the running for Fed seats, Trump has two openings to fill.

 Doug Christian, The White House

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