Trump Blasts Fed on Rates, Wishes for 'Rocket' Economy

U.S. President Donald Trump delivers remarks at a Make America Great Again rally at the Resch Center Complex in Green Bay

U.S. President Donald Trump delivers remarks at a Make America Great Again rally at the Resch Center Complex in Green Bay

The U.S. central bank, which hiked interest rates for four consecutive times last year, has opted for a more patient policy stance by maintaining the target range for the federal funds rate at 2.25 percent to 2.5 percent during the first two policy meetings this year.

Moore has come under scrutiny for his views and past writings, and several senators have publicly said they're not terribly happy.

Moore, a 59-year-old conservative political commentator, advised President Donald Trump when he was running for office and has frequently defended him on television news shows.

While White House aides say the president continues to back Moore, he has yet to be formally nominated and would face a narrow path to confirmation in the Senate.

Asked about Moore's prospects, Senate Majority Leader Mitch McConnell, R-Ky., noted that the White House has not yet nominated Moore.

His qualifications for a seat on the board of the Fed have also been questioned.

"It will be a very problematic nomination", said Graham, a close ally of Trump.

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Biden revealed he favors allowing Americans not now covered by Medicare to buy into the plan, the so-called public option. Texas hasn't elected a Democrat president since Jimmy Carter in 1976.

On Tuesday, Moore said the "biggest problem" in the United States economy is a relative decline in male earnings for both black and white men.

As a writer for the conservative National Review, Moore asserted that women should be banned from refereeing, announcing or beer vending at men's college basketball games.

Former Republican presidential candidate Herman Cain, also considered a Trump loyalist, withdrew himself from consideration for a spot on the Fed Board last week after a bipartisan pushback. Earlier Tuesday on CNBC he reiterated his concern over trends in male earnings, not women's pay.

He said concerns about Moore are being shared by GOP senators directly with the White House, as had happened with Cain.

Even before his writings on women surfaced, Moore was being attacked by Democrats for being too partisan to serve on the Fed's seven-member board, which seeks to conduct interest-rate policies without regard to outside political pressure. The White House ought to immediately withdraw his nomination.

Top White House adviser Larry Kudlow said Monday that Moore still had the President's backing, though press secretary Sarah Sanders told reporters that his comments on women and other issues were being reviewed by White House staff. "I know how he feels about women, how he treats women in the workplace".

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