Quantcast
Connect with us

Trump eyes Stephen Moore for Federal Reserve governor: Bloomberg News

Published

on

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.

ADVERTISEMENT

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.

ADVERTISEMENT

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)


Report typos and corrections to: [email protected].
READ COMMENTS - JOIN THE DISCUSSION
Continue Reading

Breaking Banner

North America lost 3 billion birds since 1970: report

Published

on

The number of birds in the United States and Canada has fallen by an astonishing 29 percent, or almost three billion, since 1970, scientists reported Thursday, saying their findings signaled a widespread ecological crisis.

Grassland birds are the most affected, because of the disappearance of meadows and prairies and the extension of farmland, as well as the growing use of pesticides that kill insects that affects the entire food chain.

But forest birds and species that occur in a wider variety of habitats -- known as habitat generalists -- are also part of the downward trend.

Continue Reading

Breaking Banner

Ben Carson ranted about ‘big, hairy men’ invading women’s shelters in meeting with staff: report

Published

on

On Thursday, the Washington Post reported that President Donald Trump's Secretary of Housing and Urban Development unleashed an anti-transgender rant to staffers, complaining that "big, hairy men" are trying to infiltrate women's shelters in America.

The remarks come after Carson suggested that society no longer understands the difference between women and men while visiting HUD's office in San Francisco, California.

Continue Reading
 

Breaking Banner

Former four-star general speculates whistleblower scandal could involve Trump giving Putin an American

Published

on

It remains unclear exactly what were the issues cited by the whistleblower who expressed concern at actions of President Donald Trump as a threat to national security, at least one of which involved a promise the president allegedly made in a phone call with a foreign leader.

But former Gen. Barry McCaffrey had a chilling thought about what it could possibly be — and posted his speculation on Twitter:

SHEER SPECULATION. Is it possible that the WHISTLEBLOWER issue was Trump discussing with Putin handing over our former US Ambassador to Moscow Mike McFaul to Russian authorities? https://t.co/0PnQn0upiA

Continue Reading
 
 
Help Raw Story Uncover Injustice. Join Raw Story Investigates for $1. Go ad-free.
close-image