Trump's Fed pick defends record, regrets some past writings

Stephen Moore nomination to Fed looking doubtful as Republicans balk

Stephen Moore nomination to Fed looking doubtful as Republicans balk

President Trump's Federal Reserve board nominee Stephen Moore addressed his past controversial columns Friday, apologizing and defending himself against critics of his nomination. CNN published a piece quoting some of Moore's articles, which portrayed him as sexist.

Moore is a renowned conservative commentator for two or more decades.

"Look, Donald Trump is a fighter, you know, he doesn't back down and he doesn't want me to back down", Moore said.

Dismissing the controversy as a "smear campaign", Moore said his remarks had been intended as a joke, but says he will "debate anybody on economics, and let's make this about the economy".

Moore has yet to be formally nominated for the board and is still going through a background check. "Economists and businesspeople, nearly to a man and woman, think this is a bad idea".

Republicans have a 53-47 majority in the Senate, giving them the final say on whether Moore's promised nomination is confirmed.

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Moore was an adviser to Trump's 2016 presidential campaign and has commented on the economy in various media.

Moore also has come under fire for 2014 comments referring to cities in the U.S. Midwest, such as Cincinnati, as the "armpits of America".

Republicans hold a 53-to-47 seat majority in the Senate, and Moore probably would need nearly every GOP vote to confirmed, including the party's female senators.

It also has come to light that Moore was held in contempt of court for not paying his ex-wife more than $330,000 in child support and alimony in 2013 and that the Club for Growth, a conservative advocacy organization, had to pay a $350,000 fine to the Federal Election Commission for improper actions while Moore was the group's president. He has accused the non-partisan central bank under Chairman Jerome Powell, who Trump appointed to the job past year, of hurting the economy and stock market.

Herman Cain, trump Fed board pick, withdrew over past allegations of sexual harassment and adultery. "The president is solidly behind me", Moore said. But Larry Kudlow, Trump's chief economic adviser, has said that if Moore "gets through" an Federal Bureau of Investigation background check, "we'll nominate him".

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