Moore, Cain Withdrawals Re-Up Quest for Loyalists on Fed Board
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It is unclear whether White House will change tactics for selecting new candidates given president’s demand for lower interest rates.
The White House has renewed its quest for Senate-confirmable candidates for the Federal Reserve Board who will reflect President Trump’s economic priorities, after his previous two choices flamed out in a messy public fashion.
Administration officials late last week resumed calls for lower interest rates, signaling that the question of the central bank’s stance on monetary policy will continue to be a Washington theme in the weeks ahead. Their demands left little doubt about the president’s desire to use two Fed board vacancies to elevate loyalists who believe easy-money policies are what the economy needs as it approaches its longest expansion on record.
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