Stephen Moore will have to contend with an awkward history with Senate Republicans to get confirmed to the Federal Reserve. And even though his chances are brighter than Herman Cain’s, the two nominations are inextricably linked
Stephen Moore will have to contend with an awkward history among Senate Republicans to be confirmed to the Federal Reserve Board. And even though his chances are brighter than Herman Cain’s, the two nominations are inextricably linked.
. Moore also leveled harsh attacks on Isakson, who nevertheless won the primary and was reelected to a third Senate term in 2016.Moore’s history as an antagonist to the GOP establishment will be under close scrutiny if his nomination moves forward. With Cain currently lacking support to be confirmed after a flurry of Senate GOP defections last week, Republican are now turning toward Moore amid questions over whether he can be confirmed.
White House aides are also not certain that Moore can overcome issues with unpaid taxes, a messy divorce settlement and controversial past writings and statements to win a spot at the central bank. “If somebody is nominated to serve on the board of governors of the Federal Reserve, that’s a serious job. That’s a very serious job,” said Sen. Richard Shelby , a former Banking Committee chairman who said he knows Moore but not Cain. Shelby once“These are long-term appointments, independent of the Congress and the president,” he added.
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