Second Trump Fed Pick Goes Down In Flames
[ Posted Thursday, May 2nd, 2019 – 17:10 UTC ]
For the second time in just a few weeks, Republicans in the Senate have denied President Trump's hand-picked choice a seat on the Federal Reserve Board of Governors. First it was Herman "Nine Nine Nine" Cain, and now Stephen Moore has also announced his withdrawal from the nomination process. Both are political blows to the president, who seems to want a Fed loyal to him rather than to the American economy as a whole. For a number of Republican senators, however, these particular nominees were simply a bridge too far for them.