Stephen Moore withdrawing from Fed Board consideration, Trump says
By Kathryn Watson
/ CBS News
Stephen Moore, President Trump's pick for the Federal Reserve Board who had become highly controversial over past comments about women and views on monetary policy, is withdrawing his name from consideration, the president tweeted Thursday afternoon.
"Steve Moore, a great pro-growth economist and a truly fine person, has decided to withdraw from the Fed process. Steve won the battle of ideas including Tax Cuts…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," the president wrote.
It had become unclear whether Moore had enough votes to pass in the Senate, with some Republicans casting doubt on whether Moore, who had yet to be formally nominated, could garner enough support.
Trending News
In an interview with Bloomberg News just hours before Mr. Trump announced he was withdrawing, Moore said he was "all in" and had the support of the White House.
The White House had been reviewing Moore's past comments, in which he suggested women didn't belong in or at sporting events, among other controversial statements.
Moore's withdrawal from the process comes not long after Herman Cain also withdrew from consideration after past allegations of sexual misconduct against women resurfaced.
This is a developing story and will be updated.
First published on May 2, 2019 / 12:48 PM
© 2019 CBS Interactive Inc. All Rights Reserved.
Kathryn Watson
Kathryn Watson is a politics reporter for CBS News Digital.
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