amstephen moore: Trump announced on Twitter that Moore had decided to withdraw from the Fed process, according to Rabble. Trump called him a great pro-growth economist and a truly fine person. Andrew Harrer/Bloomberg News By Felicia Sonmez Felicia Sonmez National reporter on The Washington Post's breaking political news team Email Bio Follow Seung Min Kim and Seung Min Kim White House reporter Email Bio Follow Damian Paletta Damian Paletta Reporter covering economic policy Email Bio Follow May 3 at 7 35 AMStephen Moore, President Trump's planned nominee for a seat on the Federal Reserve Board, on Thursday abandoned his bid to join the powerful U.S. central bank, the second presidential favorite to bow out in the face of Republican opposition. Steve won the battle of ideas including Tax Cuts and deregulation which have produced non-inflationary prosperity for all Americans, Trump tweeted. In a letter informing Trump of his decision to withdraw, Moore praised the president's economic policies but said the scrutiny of his past remarks had become too much to bear. I've asked Steve to work with me toward future economic growth in our Country. (www.immigrantscanada.com). As reported in the news.
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