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

Stephen Moore on his Fed nomination: 'Full speed ahead'
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Stephen MooreStephen MooreTop economic adviser warned Trump on reelection chances ahead of China truce: report Nancy Pelosi's gut-check moment on trade and the USMCA Trump adviser: 'He should stop saying things that are untrue' 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 TrumpTrump says he doesn't want NYT in the White House Veterans group backs lawsuits to halt Trump's use of military funding for border wall Schiff punches back after GOP censure resolution fails 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.”


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 cautions Graham against hauling Biden before Senate Farmers: New Trump ethanol proposal reneged on previous deal Overnight Energy: Farmers say EPA reneged on ethanol deal | EPA scrubs senators' quotes from controversial ethanol announcement | Perry unsure if he'll comply with subpoena | John Kerry criticizes lack of climate talk at debate MORE (Iowa), who objected to his “ridiculous” past writings about women.

Sen. John ThuneJohn Randolph ThuneTurkey sanctions face possible wall in GOP Senate GOP cautions Graham against hauling Biden before Senate War of words at the White House MORE (S.D.), the No. 2 Senate Republican, said concerns about Moore are not just confined to female senators. Sen. Lindsey GrahamLindsey Olin GrahamOvernight Defense: Trump weighs leaving some troops in Syria to 'secure the oil' | US has pulled 2,000 troops from Afghanistan | Pelosi leads delegation to Afghanistan, Jordan US troops leaving Syria cross into Iraq Graham says he's open-minded on supporting impeachment: 'Sure, I mean show me something that is a crime' 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.”