President Donald Trump announced on Tuesday the names of two nominees to fill vacant posts on the Federal Reserve Board, after two of his earlier choices withdrew from consideration in the face of criticism. Trump said on Twitter he intends to nominate Christopher Waller, an executive vice president at the Federal Reserve Bank of St. Louis, and Judy Shelton, the...
ST. LOUIS, June 25- St. Louis Federal Reserve President James Bullard said on Tuesday that he had been approached by the White House about a possible seat on the Federal Reserve Board of Governors, but said he would not consider leaving his current job. Trump has grown increasingly critical of Fed Chairman Jerome Powell in recent months, slamming him for steering...
WASHINGTON, May 17- The White House is considering Transportation Department Undersecretary Derek Kan for an opening on the Federal Reserve's Board of Governors, Bloomberg reported on Friday, citing two unnamed people familiar with the matter. Kan is a former executive at ride share company Lyft Inc who was confirmed by the Senate in November 2017 to be the No. 3...
Vice President Mike Pence said on Friday the Federal Reserve should consider cutting interest rates given the absence of inflation in the economy, joining President Donald Trump and Trump's top economic adviser in pressuring the central bank. Trump and the head of the White House National Economic Council, Larry Kudlow, have been calling for rate cuts from...
May 2- Economic commentator Stephen Moore has withdrawn from consideration for a seat on the U.S. Federal Reserve Board after weeks of criticism about his political partisanship, shifting views on interest rate policy, and sexist comments about women. "Steve Moore, a great pro-growth economist and a truly fine person, has decided to withdraw from the Fed process,"...
May 2- Economic commentator Stephen Moore has withdrawn from consideration for a seat on the U.S. Federal Reserve Board after weeks of criticism about his political partisanship, shifting views on interest rate policy, and sexist comments about women. "Steve Moore, a great pro-growth economist and a truly fine person, has decided to withdraw from the Fed process,"...
President Donald Trump's pick to fill a seat on the Federal Reserve has withdrawn from consideration after weeks of criticism against economic commentator Stephen Moore's shifting views on interest rate policy and sexist comments about women. "Steve Moore, a great pro-growth economist and a truly fine person, has decided to withdraw from the Fed process,"...
WASHINGTON, April 30- Doubts mounted on Tuesday over U.S. Republican Senators Joni Ernst and Lindsey Graham, respectively, signaled growing resistance to Trump's bid to put a loyalist on the Fed's policy-setting panel after remarks denigrating women, made over nearly two decades of writing and commentating, were widely reported last week.
WASHINGTON, April 29- The White House still backs Stephen Moore for a seat on the Federal Reserve's Board of Governors, President Donald Trump's top economic adviser said on Monday, despite concerns among some Democratic lawmakers about his competence and past remarks. "We're still behind him, and he's going through the process of vetting," National Economic...
Stephen Moore, during an interview on ABC's "This Week," said there were a handful of reporters dedicated to digging up negative information on his personal life and previous statements. Republicans have a 53-47 majority in the Senate, giving them the final say on whether Moore's promised nomination is confirmed. "If I become a liability to any of these senators, I...
Stephen Moore says he has paid off a $75,000 income tax lien but that the IRS owes him money.
SAN FRANCISCO/ NEW YORK, April 24- Despite new criticism from top Democrats for comments denigrating women and the Midwest, economic commentator Stephen Moore still has the backing of U.S. President Donald Trump for a seat at the Federal Reserve Board. "Steve Moore is in," White House economic adviser Larry Kudlow said on Fox Business Network, adding that once the...
Trump's embattled Federal Reserve board pick Stephen Moore is comparing reaction to his nomination to that of Supreme Court Justice Brett Kavanaugh.
SAN FRANCISCO/ NEW YORK, April 24- Stephen Moore, the economic commentator that U.S. President Donald Trump has said he will nominate to the Federal Reserve Board, is drawing new fire from top Democrats for his comments denigrating, among other targets, women and the Midwest. But Republicans, whose 53 to 47 majority in the U.S. Senate gives them the final say on whether...
President Donald Trump's controversial pick of Herman Cain to the Federal Reserve failed, and his recommendation for Stephen Moore remains under attack. Here's what the recent headlines mean for the future of the Fed.
Dino Kos, chief regulatory officer at CLS, joins "Squawk Box" to discuss the future of the Fed now that Herman Cain has withdrawn his name from consideration for the Federal Reserve Board.
April 22- Herman Cain, facing resistance from his own political party as U.S. President Donald Trump's pick to fill a seat on the Federal Reserve Board, withdrew Monday from consideration for the post, citing what he said would be a decrease in influence and pay. Four Republican U.S. senators have expressed reservations about seating Cain at the Fed, likely enough...
April 22- Herman Cain, facing resistance from his own political party, has withdrawn from consideration for a seat on the Federal Reserve Board, U.S. Cain has been a public advocate of many of Trump's policies, as has Stephen Moore, a fellow at the conservative Heritage Foundation think tank, who Trump has also said he wants to nominate for one of two vacant seats on...
President Donald Trump said on Monday that businessman and former presidential candidate Herman Cain withdrew from consideration for a seat on the Federal Reserve Board. Cain has been a public advocate of many of Trump's policies, as has Stephen Moore, a fellow at the conservative Heritage Foundation think tank, who Trump has also said he wants to nominate for...
Federal Reserve nominee Herman Cain is withdrawing his name for consideration after some resistance from Senate members. CNBC's Ylan Mui reports.
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