Stephen Moore said he was hopeful about his chances of being nominated and confirmed to the Federal Reserve Board of Governors but would bow out of the process if he became a political liability for the Trump administration or Senate Republicans, the Wall Street Journal reports.
Said Moore: “I want to help make America the most prosperous place in the world. I’m totally committed to it as long as the White House is totally committed.”
Stephen Moore, who was nominated by President Trump to serve on the Federal Reserve Board, has written that women “should be banned from refereeing, announcing or beer vending at men’s college basketball games,” asking if there was any area in life “where men can take vacation from women,” CNN reports.
In one column for the National Review, Moore complained about his wife voting for Democrats: “Women are sooo malleable! No wonder there’s a gender gap.”
In another, he called it a “travesty” that “women now feel free to play with the men.”
President Trump’s pick to serve on the Federal Reserve Stephen Moore once criticized Trump’s positions on immigration, describing them as “extreme nativist” and calling them “crazy” and “dangerous,” CNN reports.
Moore made the comments in an August 2015 radio interview with Larry Kudlow, who now serves as the President’s top economic adviser.
In that interview, Kudlow compared Trump’s immigration plans to the worst parts of World War II — in an apparent reference to the Holocaust — and said Trump’s only real supporters came from “the nativist fringe.”
“Capitalism is a lot more important than democracy. I’m not even a big believer in democracy.”
— Federal Reserve Board nominee Stephen Moore, quoted by CNN.
A new CNBC Fed Survey — which includes Wall Street fund managers, economists and strategists — finds that 60% said the U.S. Senate should not confirm Stephen Moore to a seat on the Federal Reserve Board, while 53% called for the Senate to reject the prospective nomination of Herman Cain.
Stephen Moore, the economics commentator chosen by President Trump for a seat on the Federal Reserve board, was found in contempt of court after failing to pay his ex-wife more than $300,000 in alimony, child support and other debts, the Guardian reports.
“In a divorce filing in August 2010, Moore was accused of inflicting ’emotional and psychological abuse’ on his ex-wife during their 20-year marriage. Allison Moore said in the filing she had been forced to flee their home to protect herself. She was granted a divorce in May 2011.”
Stephen Moore, the conservative economics commentator chosen by President Trump for a seat on the Federal Reserve board, is being pursued by the federal government for $75,000 in taxes that it alleges he owes, The Guardian reports.
Moore said he disputed the IRS claim and was “eager to reach an agreement” with authorities but had been frustrated by bureaucracy at the agency.
Catherine Rampell: “President Trump has made a lot of ill-advised nominations. But perhaps no single choice could inflict more long-term damage than the one he announced Friday: Stephen Moore, Trump’s pick to join the Federal Reserve Board.”
“Moore’s many economic claims over the years have revealed him to be, shall we say, easily confused…”
“A newspaper banned him from its pages because of his struggles in getting basic statistics right. During the dozens of times I’ve debated him on TV, he has persistently misstated easily Google-able facts. These include whether the country is experiencing deflation, whether Canada’s tariffs are ‘twice as high as’ ours, and whether the Fed predicted that Trump would crash the stock market. (Nope, nope, and huh?)”
“Now, somehow, Moore has been nominated to the Fed.”
Meanwhile, the Washington Post notes Moore edged closer to the Fed seat “as key GOP lawmakers express support.”
Greg Mankiw, an economics professor at Harvard who served as an adviser to both George W. Bush and Mitt Romney, writes that senators should “do their job” and ensure Stephen Moore is not confirmed as a Fed governor.
Said Mankiw: “Steve is a perfectly amiable guy, but he does not have the intellectual gravitas for this important job. It is time for Senators to do their job. Mr. Moore should not be confirmed.”
President Trump announced that he planned to nominate 2016 campaign adviser Stephen Moore to the Federal Reserve board, the AP reports.
Moore wrote a book called Trumponomics and is a vocal critic of Fed chairman Jerome Powell.
Jonathan Chait: “Moore’s primary area of pseudo-expertise — he is not an economist — is fiscal policy. He is a dedicated advocate of supply-side economics, relentlessly promoting his fanatical hatred of redistribution and belief that lower taxes for the rich can and will unleash wondrous prosperity. Like nearly all supply-siders, he has clung to this dogma in the face of repeated, spectacular failures.”
Taegan Goddard is the founder of Political Wire, one of the earliest and most influential political web sites. He also runs Political Job Hunt, Electoral Vote Map and the Political Dictionary.
Goddard spent more than a decade as managing director and chief operating officer of a prominent investment firm in New York City. Previously, he was a policy adviser to a U.S. Senator and Governor.
Goddard is also co-author of You Won - Now What? (Scribner, 1998), a political management book hailed by prominent journalists and politicians from both parties. In addition, Goddard's essays on politics and public policy have appeared in dozens of newspapers across the country.
Goddard earned degrees from Vassar College and Harvard University. He lives in New York with his wife and three sons.
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