A top economic adviser to President Donald Trump said on Tuesday that the White House still backs Stephen Moore for a seat on the Federal ...
WASHINGTON: A top economic adviser to President Donald Trump said on Tuesday that the White House still backs Stephen Moore for a seat on the Federal Reserve's Board of Governors, despite concerns Democratic lawmakers have about his competence.
Democratic lawmakers also worry he is too political for the independent central bank, where officials pride themselves on standing above politics. He has been criticized for voicing support for tying monetary policy decisions to commodity prices and for his fluctuating views on interest rates.Trump has yet to formally nominate Moore, who would play a role in setting rates for the world's largest economy if he is tapped for the job and confirmed by the Senate.
Kudlow said the administration was interviewing a number of good candidates for that second Fed post.
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