May 2, 2019 / 4:42 PM / 3 months ago

Trump Fed pick Moore withdraws from consideration

FILE PHOTO: The Federal Reserve building is pictured in Washington, DC, U.S., August 22, 2018. REUTERS/Chris Wattie/File Photo

WASHINGTON (Reuters) - U.S. President Donald Trump’s pick to fill a seat on the Federal Reserve, economic commentator Stephen Moore, withdrew from consideration on Thursday after weeks of criticism about his shifting views on interest-rate policy and sexist comments about women.

“Steve Moore, a great pro-growth economist and a truly fine person, has decided to withdraw from the Fed process,” Trump wrote in a post on Twitter.

Trump picked Moore, 59, in March to fill one of two vacant positions at the Fed, but had not formally nominated him.

Reporting by Makini Brice; Writing by Ann Saphir; Editing by Tim Ahmann

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