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Trump's Fed pick Moore not planning to drop out of Fed consideration



FILE PHOTO: Federal Reserve Board building on Constitution Avenue is pictured in Washington, U.S., March 19, 2019. REUTERS/Leah Millis/File Photo


President Donald Trump’s pick to fill a vacant seat at the Federal Reserve said on Sunday a smear campaign was being waged against him, after past writings and comments about women sparked renewed criticism by Democratic lawmakers.

Stephen Moore, during an interview on ABC’s “This Week,” said there were a handful of reporters dedicated to digging up negative information on his personal life and previous statements.


Trump has not formally nominated Moore to be a Fed governor, which would give him a role in setting interest rates for the world’s biggest economy.


Moore said the Republican president asked him to appear on the Sunday news show, where he denounced negative news reports as a “smear campaign” and “character assassination.”


Republicans have a 53-47 majority in the Senate, giving them the final say on whether Moore’s promised nomination is confirmed. Democratic Senators have criticized Moore for his policy positions, including his longtime support of tax cuts to stimulate the economy, as well as his comments about women.


“If I become a liability to any of these senators, I would withdraw,” Moore told ABC. “I don’t think it’s going to come to that. I think most fair-minded people think this has been kind of a sleaze campaign against me.



Reuters

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