Stephen Moore Withdraws From Consideration of Federal Reserve Board

A week after Herman Cain withdrew his name from consideration from the Federal Reserve board, Stephen Moore has done the same. His announcement comes amidst a brewing storm over his past comments on gender roles.

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

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There's no ill will on the side of the president either. Trump praised Moore's character and wished him well.

Steve Moore, a great pro-growth economist and a truly fine person, has decided to withdraw from the Fed process. Steve won the battle of ideas including Tax Cuts....

— Donald J. Trump (@realDonaldTrump) May 2, 2019

....and deregulation which have produced non-inflationary prosperity for all Americans. I’ve asked Steve to work with me toward future economic growth in our Country.

— Donald J. Trump (@realDonaldTrump) May 2, 2019

Cain withdrew his name from the nomination last week amid sexual assault allegations, which he denied.