U.S. President Donald Trump is considering picking long-time supporter Stephen Moore to be a governor at the Federal Reserve Board, Bloomberg News reported.
Moore, a senior fellow at the Heritage Foundation, helped write Trump’s signature tax plan. The position would give him a vote at the policy-setting table of an institution whose interest-rate hikes last year were a frequent target of Trump’s ire.
Trump was so incensed by the Fed’s policies he is said to have sought advice late last year on whether he could fire its chairman, Jerome Powell.
The Bloomberg News report, by a White House reporter and a colleague who covers the Treasury Department, cited people familiar with the matter whom they did not name.
A Fed spokesperson did not respond to a request for comment from Reuters made outside of business hours Thursday.
There are two open positions on the Fed’s seven-seat Board of Governors.
The White House is also continuing to consider one-time presidential candidate and pizza chain magnate Herman Cain for a spot, Bloomberg News said, despite concerns that the accusations of sexual harassment that derailed Cain’s bid for president could complicate his Senate confirmation.
(Reporting by Ann Saphir; Editing by Kim Coghill)
Trump-loving GOP candidate faces more trouble as his Ukraine ranting provokes a defamation suit
A pro-Trump aspiring politician who was named in documents released by an indicted associate of Rudy Giuliani is being sued by a Dutch Trump supporter for defamation, the Hartford Courant reports.
Robert F. Hyde reportedly made the alleged defamatory comments during an interview with a local news station, where he discussed the documents alleging he was involved in some sort of surveillance operation of Marie Yovanovitch, the former U.S. ambassador to Ukraine. WhatsApp messages appeared to show that Hyde was sending updates on Yovanovitch's whereabouts to Lev Parnas, a former associate of Giuliani who is now under indictment for campaign finance violations.
BUSTED: These 10 GOP senators said Ukraine quid pro quo was a red line before Bolton bombshell
The Washington Post's Philip Bump has tracked down statements from ten different Republican senators who in the past indicated that impeachment charges against President Donald Trump would be far more serious if it could be proven there was a quid-pro-quo agreement that involved exchanging the release of foreign aid to Ukraine for the investigation of former Vice President Joe Biden.
All of the statements flagged by Bump came before this week's bombshell revelation that former national security adviser John Bolton's upcoming book will reportedly say the president directly linked Ukraine aid to the Biden investigation.
Law professor slams Trump team’s ‘distortions of facts’ as they try to shoot down congressional subpoenas
Writing for The Atlantic, University of Missouri Law professor Frank Bowman excoriated the White House legal team for their rationale against honoring congressional subpoenas in the impeachment inquiry.
"On Saturday, Trump’s lawyer Pat Philbin tried to extinguish any flickers of enlightened self-interest among Republicans by arguing that Trump was entitled to stonewall the House because the House hadn’t properly authorized its own subpoenas," wrote Bowman. "Like so many contentions of the president’s defenders, this is malarkey thinly draped with plausible-sounding distortions of facts, rules, court opinions, and the Constitution itself."