Stephen Moore says a “sleaze campaign” is behind his decision to withdraw from consideration to be added to the Federal Reserve Board.
President Donald Trump announced Moore’s decision through Twitter on Thursday morning.
“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 … 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,” wrote the president.
The announcement came after numerous senators — including Joni Ernst, Shelley Moore Capito, Lisa Murkowski and Mitt Romney — all expressed concerns about Moore.
Past interviews were beginning to haunt Moore as far-left groups worked to dig up controversial statements from the man. He has been accused of being both a sexist and a racist due to past statements.
Moore broke his silence on Thursday afternoon and told Fox News’ Neil Cavuto that he is disappointed to be out of the running for the Federal Reserve position.
“It was very disappointing that this couldn’t go forward but you know the fact is that this kind of sleaze campaign over the last three or four weeks was just really too tough for me and my family and you know we just decided it was much better for Donald Trump to select someone who doesn’t have a 30-year paper trail,” said Moore.
Source: Fox News
Moore revealed that the vetting of his past comments and actions was taking too much of a toll on him.
“If people are looking at things that I was writing 25 years ago, and you know looking through my divorce records, and it just was it was too difficult for us, and I feel bad because I feel like I’ve let a lot of people down and the president, most of all,” he said.
Moore went on to say that he was “bummed” with everything that’s happened, but that the president was understanding.
“He was incredibly nice at times and when I told him about this and he understood. But you know I’m bummed out frankly that I’m not going to be over there the fact because I think I could have some ideas that the Fed really needs,” said Moore.
He added that critics were focusing on his personal life because they could not raise legitimate arguments against his economic policies.
“It became a kind of character assassination and I think, in part, because the left understood they couldn’t beat me on my economic ideas,” Moore said.
Senate Minority Leader Chuck Schumer (D-NY) released a public statement on Thursday celebrating the fact that Moore was not in consideration anymore.
“First, [Herman] Cain. Now, Moore. Thank goodness neither were actually nominated. The only thing less funny than some of Mr. Moore’s tasteless, offensive, sexist ‘jokes’ was the idea that President Trump would even consider him for a seat on the Federal Reserve. Now President Trump must nominate two serious candidates who will strengthen our economy,” said Schumer.
Moore responded to Schumer’s statement by reiterating that he was the victim of a “smear campaign.”
“Well, look, this is kind of a victory lap for the left because they took me down with a smear campaign. You know, but it is interesting to me, go back to what I just said, they think my ideas were so, you know, out of the box and so, you know, so wrong, why didn’t they debate me on the economic ideas?” he said.
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