Stephen Moore on his Fed nomination: 'Full speed ahead'

Stephen Moore on his Fed nomination: 'Full speed ahead'
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Stephen MooreStephen MooreTrump urged to quickly fill Pentagon post amid Iran tensions Trump awards Presidential Medal of Freedom to economist, former Reagan adviser Arthur Laffer Trump says Shanahan out as Defense secretary nominee MORE said Thursday he remains committed to serving on the Federal Reserve Board despite growing opposition among Senate Republicans to his possible nomination by President TrumpDonald John TrumpNew EPA rule would expand Trump officials' powers to reject FOIA requests Democratic senator introduces bill to ban gun silencers Democrats: Ex-Commerce aide said Ross asked him to examine adding census citizenship question MORE.

“I’m all in,” Moore said in an interview with Bloomberg News, adding that he spoke to a White House official on Wednesday who said “they’re all in” as well.

“My biggest ally is the president,” Moore added. “He’s full speed ahead.”

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Moore told the news agency that he expects Trump to formally nominate him to fill an open Fed board seat within three weeks.

His comments come after a number of key Republican senators voiced concerns about his nomination, including Sen. Joni ErnstJoni Kay ErnstGOP frets about Trump's poll numbers GOP senators caught off guard by Shanahan withdrawal Democrats' 2020 Achilles's heel: The Senate MORE (Iowa), who objected to his “ridiculous” past writings about women.

Sen. John ThuneJohn Randolph ThuneHillicon Valley: Senate bill would force companies to disclose value of user data | Waters to hold hearing on Facebook cryptocurrency | GOP divided on election security bills | US tracking Russian, Iranian social media campaigns GOP senators divided over approach to election security McSally on Moore running for Senate again: 'This place has enough creepy old men' MORE (S.D.), the No. 2 Senate Republican, said concerns about Moore are not just confined to female senators. Sen. Lindsey GrahamLindsey Olin GrahamTrump puts the cart before the horse in Palestine Negotiators face major obstacles to meeting July border deadline Hillicon Valley: Senate bill would force companies to disclose value of user data | Waters to hold hearing on Facebook cryptocurrency | GOP divided on election security bills | US tracking Russian, Iranian social media campaigns MORE (R-S.C.), a close Trump ally, said his nomination would be “very problematic.”

Moore, a conservative economic commentator who has ties to Capitol Hill Republicans, said he was surprised by the concerns held by GOP senators. He also expressed confidence he could win support from some Senate Democrats if his nomination clears the Banking Committee and reaches the floor.  

“Just because she’s ‘no’ today doesn’t mean she’s ‘no’ three months from now,” Moore said in response to Ernst’s objections. “The world is going to be very different two months from now.”

He again defended his past comments and op-ed columns about women, saying they were “meant to be humorous.”

“Yeah, I’m embarrassed and apologetic about some of these columns I wrote,” he said.

Moore added that spurring economic growth is a more important concern for women than “some injudicious things” he wrote more than a decade ago.

The White House has said it is reviewing Moore’s writings even as advisers have stressed that Trump still stands behind his nomination.

Democrats and other economists have also objected to Moore’s nomination, calling it an attempt by Trump to exert political control over the traditionally independent central bank.

Moore was a campaign adviser for Trump and played an influential role in shaping the tax-cut package Congress passed in 2017.

In a Wednesday opinion piece for The Hill, Moore dismissed what he called the “scorched-earth battle tactics” his critics are employing to derail his nomination and defended his qualifications to serve on the Fed board, which have also come under scrutiny.

“I have been right a lot more than I've been wrong on monetary policy — and the most recent vindication has been my harsh criticisms of the Fed Board raising interest rates last September and December,” he wrote. “Ever since reversing course in January, the economy and the stock market have been on a tear — and still no inflation. I rest my case.”