Trump's Fed picks draw political fire as they angle for the job

Cain and Moore, both overt loyalists to the president, in recent days have waged unprecedented public campaigns for the Fed jobs, with both eagerly endorsing Trump's economic policies and Moore pledging to "accommodate" those policies once he is at the Fed. The central bank's leadership prides itself on its nonpartisan stewardship over the world's biggest economy, and views political independence as key to its ability to carry out monetary policy effectively. On Tuesday, Democrats including Senator Chuck Schumer and Joint Economic Committee Vice Chair Carolyn Maloney took public aim at the pair's qualifications, with Maloney saying that Moore is "superbly underqualified for the role for which he has been nominated." And at least four Republican Senators indicated they could break ranks on Cain, enough to sink his chances for the required approval in the Senate.

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