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Moore Bails as Trump’s Fed Pick Hours After ‘I’m All In’ Pledge

  • Decision comes after weeks of controversy over Moore’s remarks
  • Fed pick said he thought he’d get confirmed if he got hearing
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Stephen Moore says he’s not concerned about criticism around his Fed nomination.Source: Bloomberg)
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President Donald Trump’s selection for the Federal Reserve Board of Governors, Stephen Moore, pulled out of consideration for the job hours after he said he was “all in” for the central bank.

Trump said on Twitter on Thursday that Moore had decided to withdraw. There were growing objections to his potential nomination among Senate Republicans, but only hours earlier Moore said in an interview with Bloomberg News that the White House had indicated he would still be nominated, and that he would withdraw only if Trump asked him to.