President Trump's latest pair of hopefuls for the Federal Reserve board don't have the same baggage as Stephen Moore and Herman Cain
President Donald Trump's latest pair of hopefuls for the Federal Reserve board don't have the same baggage as Stephen Moore and Herman Cain. And that might be just enough to get them confirmed.
Republicans who had panned Moore’s comments demeaning women or Cain’s history in politics and sexual harassment allegations against him said they were far more comfortable with Waller, a research director at the Federal Reserve Bank of St. Louis, and Shelton, a Senate-confirmed economist in the Trump administration. By contrast, Moore and Cain were tagged as political nominees who also had personal issues that derailed their bids.
“I’m happy that they’re not politicians, they’re economists,” added Sen. Mitt Romney , who led the charge against Cain. But Republicans are comparatively confident that the two can win confirmation this fall in the Senate and fill out Trump’s Fed, an achievement that has eluded the president for months as he’s sought to put his stamp on the central bank and lower interest rates.
“I have not seen anything that would be derogatory,” said Sen. John Cornyn , a former party whip. They will be confirmed “unless something else comes up.”
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