They got him.
President Donald Trump confirmed on Twitter that Stephen Moore has withdrawn from consideration for a seat on the Federal Reserve Board.
Soon after the tweet, Moore’s letter to Trump was released:
Mr. President,
I was honored and grateful that you asked me to serve on the Federal Reserve Board. Your economic policies have been a spectacular success for American workers. Record low unemployment, 3.2% growth, seven million job openings, and a near 40% rise in the stock market with five quarters now of 3% economic growth, something your critics said could never happen. Trumponomics has been VINDICATED.
Your confidence in me makes what I am about to say much harder. I am respectfully asking that you withdraw my name from consideration. The unrelenting attacks on my character have become untenable for me and my family and 3 more months of this would be too hard on us.
As you know, for the last four years nearly since the start of your campaign for President, I have been an advocate of your economic agenda and am proud to have played a small role in helping make that happen. I will continue to be a loud economic voice advocating for your policies, which will keep us on a prosperous path of 3 to 4% growth with rising wages and low inflation for as far as the eye can see,. I am always at your disposal.
With the greatest regards and respect.
Stephen Moore
The president called Moore “a great pro-growth economist and a truly fine person,” adding that he has “asked Steve to work with me toward future economic growth in our Country.”
Moore was not a gamechanger at all. Though he had some libertarian-leaning views, like support of the gold standard, he not only crumbled under pressure, but he also became more of an interventionist like Trump.
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