SPONSORED:

Stephen Moore ends bid for Fed over 'unrelenting attacks on my character'

Stephen Moore ends bid for Fed over 'unrelenting attacks on my character'
© Fox News

Stephen MooreStephen MooreA flat tax would collect more revenue than 85,000 added IRS agents States push back against federal unemployment policies delaying economic recovery Former Trump economic adviser to Biden: 'Stop taxing. Stop spending. Stop borrowing.' MORE told President TrumpDonald Trump Pence said he's 'proud' Congress certified Biden's win on Jan. 6 Americans put the most trust in their doctor for COVID-19 information: poll OVERNIGHT DEFENSE: Biden administration to evacuate Afghans who helped US l Serious differences remain between US and Iran on nuclear talks l US, Turkish officials meet to discuss security plans for Afghan airport MORE on Thursday that he is withdrawing from consideration for a Federal Reserve nomination due to the “unrelenting attacks” from his critics.

Moore, whom Trump floated in March for a spot on the Fed board, told the president in a letter that he and his family could not handle the mounting criticism over his nomination, much of which centered around Moore's resurfaced past writings. 

“I am respectfully asking that you withdraw my name from consideration," Moore, a conservative commentator and former Trump campaign adviser, wrote to the president. "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."

ADVERTISEMENT

Trump said Thursday afternoon that Moore had pulled out of the running for a nomination to Fed board, just hours after Moore told reporters he was "all in" on a bid for the central bank. 

“Steve Moore, a great pro-growth economist and a truly fine person, has decided to withdraw from the Fed process,” Trump, who had not yet formally nominated Moore, tweeted.

Moore’s shot at the position fell apart this week as several Republican senators raised concerns about Moore's background and expressed doubts about his political viability.

In the weeks leading up to his anticipated nomination, Moore, an opinion contributor for The Hill, came under fire for several disparaging claims about women he made in past opinion pieces and interviews, including one in which he wrote that women should not be involved in sports.

“Here’s the rule change I propose: No more women refs, no women announcers, no women beer venders, no women anything,” he wrote in a 2002 piece for National Review unearthed by CNN's K-File.

In that column, which Moore said was meant as humor, he said the sports broadcaster Bonnie Bernstein could participate in sports but only in a halter top.

Sen. John ThuneJohn Randolph ThuneThe Hill's Morning Report - Presented by Facebook - GOP torpedoes election bill; infrastructure talks hit snag White House digs in as infrastructure talks stall On The Money: Democrats make full-court press on expanded child tax credit | White House confident Congress will raise debt ceiling MORE (R-S.D.), the Senate GOP whip, said Thursday he did not know if Moore could win over enough Republicans, while Sen. Lindsey GrahamLindsey Olin GrahamOn The Money: Biden announces bipartisan deal on infrastructure, but Democratic leaders hold out for more Trump's biggest political obstacle is Trump The Hill's Equilibrium — Presented by NextEra Energy — Tasmanian devil wipes out penguin population MORE (R-S.C.), a close Trump ally, called Moore’s potential nomination “problematic.”

Those comments followed ambivalence about Moore from a number of GOP women in the Senate.

Sen. Joni ErnstJoni Kay ErnstOvernight Defense: Pentagon details military construction projects getting .2B restored from wall funds | Biden chooses former commander to lead Navy | Bill seeks to boost visa program for Afghans who helped US Meghan McCain: Harris 'sounded like a moron' discussing immigration Senate bill would add visas, remove hurdles to program for Afghans who helped US MORE (R-Iowa), vice chair of the Senate Republican conference, said Tuesday she would not support Moore due in part to his “ridiculous” commentary and urged the White House to pull his nomination.

Moore has also taken heat for arguing that a wife earning more than her husband could be “disruptive” to a family, and that “the male needs to be the breadwinner of the family."

Republicans also expressed concerns about Moore’s close ties to Trump and fierce partisanship in his praise of the president's policies. Moore has been one of the chief evangelists of Trump’s economic agenda, and has echoed the president's attacks on the Fed amid a series of interest rate hikes.

In February, Moore called for the mass firing of Fed officials and economists in response to the bank’s widely criticized December rate hike.

He told Trump on Thursday that he would be “always at your disposal.”

“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,” Moore wrote.