The opposite was true: Moore looked utterly distraught, like he had just seen a ghost. I mentioned the nomination: "Future Fed governor, eh?" "Didn’t you just get nominated to the Fed board?" What matters is his ultimate decision to give up on the job is a major victory for Federal Reserve independence, as well as sound economic policymaking in the future. It’s also sadly emblematic of the administration’s sometimes cavalier, often downright hateful approach to women and people of color.

Source: Forbes May 03, 2019 19:41 UTC