President Donald Trump’s pick for an open Federal Reserve board seat, Stephen Moore, has sharply criticized some of the Republican senators whose votes he’ll need for confirmation. Yet that hasn’t made him many enemies.
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“Moore is an independent thinker, he’s strong-willed, I know him well, I’ve worked with him on a number of issues and I respect him,” said Senator Richard Shelby, an Alabama Republican and a member of the Banking panel. “I think he will be a new voice on the Fed; I believe the Fed could use a voice like that.”
“It certainly from what I’ve read is an unconventional nomination and I would need to see how he did at the hearings and learn more about him before I could make a judgment,” Collins said. Story continuesThe group also ran ads in the home states of GOP senators George Voinovich of Ohio and Olympia Snowe of Maine, saying they were resisting a portion of Bush’s tax cuts. Both have since left the Senate.The Fed vacancy doesn’t need to be filled right away and Moore’s nomination could just languish if GOP Senate leaders see that the Trump ally is not getting strong backing, said Sarah Binder, a political science professor at George Washington University.
Moore is Trump’s sixth nomination to the nation’s monetary authority, a board typically populated with trained economists, bank regulators and financial-industry executives.
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