Steve Moore Withdraws From Fed Consideration

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Last night I read a story quoting Steve Moore saying he was “all-in” and wouldn’t withdraw his nomination for a seat on the Federal Reserve. Naturally my first thought was: he’s toast. I just didn’t think it would happen only 12 hours later:

It pains me that Moore wasn’t forced to withdraw by a unanimous, bipartisan backlash against the prospect of a hack sitting on the Fed, but these days I’ll take what I can get. At least he’s gone.

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DEMOCRACY DOES NOT EXIST...

without free and fair elections, a vigorous free press, and engaged citizens to reclaim power from those who abuse it.

In this election year unlike any other—against a backdrop of a pandemic, an economic crisis, racial reckoning, and so much daily crazy—Mother Jones' journalism is driven by one simple question: Will America will move closer to, or further from, justice and equity in the years to come?

If you're able to, please join us in this mission with a donation today. Our reporting right now is focused on voting rights and election security, corruption, disinformation, racial and gender equity, and the climate crisis. We can’t do it without the support of readers like you, and we need to give it everything we've got between now and November. Thank you.

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