Fed Board nominee Milan: No consultations with the White House on long-term appointment

Stephen Moore, the nominee for the Federal Reserve Board nominated by US President Trump, said on Thursday that he had not discussed with anyone in the White House the possibility of being nominated for a long-term term. He had previously informed senators that only a long-term nomination would prompt him to resign from his current position as White House economic adviser, rather than just taking a leave of absence. When asked by reporters about this, Moore initially just raised his eyebrows and refused to respond. When reporters asked again, "Really none?" he briefly replied, "No." At Moore's nomination hearing, Democratic senators expressed concerns that his failure to resign from the Economic Advisory Committee would lead to pressure from Trump in interest rate voting and yield to the president's will. Moore denied this.