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)
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Fox News host Shepard Smith noted on Tuesday that the United States gone without a confirmed secretary of defense since the resignation of James Mattis in December last year.
"This one came out of nowhere. But really didn't catch a lot of people by surprise. We begin with breaking news and the bombshell report that has blown up the top spot at the Pentagon, ensuring that the United States goes longer without a full-time confirmed secretary of defense," Smith said.
Acting Defense Secretary Patrick Shanahan abruptly resigned on Tuesday after facing an FBI investigation over domestic violence allegations.