GOP opposition doomed two Trump nominees who were seen as too partisan for the Fed. But the president may still want loyalists in those seats
At first blush, the decision by a second Trump-selected candidate for the Federal Reserve Board to withdraw in as many weeks marks a win for the central bank’s defenders, who had warned that former campaign adviser Stephen Moore and former Republican presidential candidate Herman Cain were too partisan for the technocratic Fed.
The episode shows “Republicans still wish to see the Fed as a place where serious work is done by credible Republicans,” said Peter Conti-Brown, a financial historian and legal scholar at the University...
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