Stephen Moore's Fed nomination appears dead. Stephen Colbert runs through some reasons why.

(Image credit: Screenshot/YouTube/The Late Show)

published 2 May 2019

On Wednesday, Stephen Moore told The Washington Post that his pending nomination to be a Federal Reserve Board governor is proceeding "full speed ahead," but he seems to be alone in that assessment. "Trump administration officials began to acknowledge privately he does not have the votes and Republican senators indicated the ensuing drama over Moore's pending nomination would end soon," the Post reports. Even the head of the PR firm hired to promote Moore's Fed campaign appears to have soured on him.

One Republican senator predicted to CNN on Wednesday that Moore would drop out within "twenty-four hours. Forty-eight tops." Another of President Trump's Fed picks, Herman Cain, dropped out two weeks ago. Moore had expected to fare slightly better than Cain, but Sen. Joni Ernst (R-Iowa) has said she won't vote for him, and lots of other GOP senators are on the fence.

Subscribe to The Week

Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.

SUBSCRIBE & SAVE

https://cdn.mos.cms.futurecdn.net/flexiimages/jacafc5zvs1692883516.jpg

Sign up for The Week's Free Newsletters

From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.

Explore More

Peter has worked as a news and culture writer and editor at The Week since the site's launch in 2008. He covers politics, world affairs, religion and cultural currents. His journalism career began as a copy editor at a financial newswire and has included editorial positions at The New York Times Magazine, Facts on File, and Oregon State University.