Illustration: Lazaro Gamio/Axios

Donald Trump made a fateful decision last month when he attempted to politicize the Fed board.

Between the lines: By nominating Stephen Moore to the board — a Republican partisan rather than an economic technocrat — Trump turned the genteel if inefficient process of Fed nominations into something much more bare-knuckled.

  • The Guardian went into full-on muckraking mode, finding first that the government has accused Moore of owing $75,000 in back taxes, and then that a judge ruled in 2012 that Moore had failed to pay more than $300,000 of spousal support and child support to his ex-wife.
  • An epic Twitter thread from policy wonk Sam Bell has dug up Moore calling for rate hikes in August 2008, not to mention the abolition of the Fed and the reinstatement of the gold standard.

Winners: Trump wins this round even if Moore's reputation is ruined and his nomination never reaches the Senate. We're watching a familiar Trump play — by going on the offensive and infuriating the sophisticates, Trump and his allies get to congratulate themselves on shaking up the system.

Losers: Moore surely can't be enjoying seeing details from his divorce proceedings splashed across the press. But the biggest loser is the Fed itself, fighting daily to avoid being dragged into the swamp.

Go deeper

Updated 42 mins ago - Politics & Policy

Supreme Court blocks Alabama curbside voting measure

Photo: Mark Wilson/Getty Images

The Supreme Court on Wednesday evening blocked a lower court order that would have allowed voters to cast ballots curbside at Alabama polling places on Election Day.

Whit it matters: With less than two weeks until Election Day, the justices voted 5-3 to reinstate the curbside voting ban and overturn a lower court judge's ruling designed to protect people with disabilities during the coronavirus pandemic.

Updated 1 hour ago - Politics & Policy

Coronavirus dashboard

Illustration: Aïda Amer/Axios

  1. Politics: Senate Democrats block vote on McConnell's targeted COVID relief bill McConnell urges White House not to strike stimulus deal before election.
  2. Economy: Why the stimulus delay isn't a crisis (yet).
  3. Health: New York reports most COVID cases since MayStudies show drop in coronavirus death rate — The next wave is gaining steam.
  4. Education: Schools haven't become hotspots — San Francisco public schools likely won't reopen before the end of the year.
  5. World: Spain becomes first nation in Western Europe to exceed 1 million cases.

U.S. officials: Iran and Russia aim to interfere in election

Iran and Russia have obtained voter registration information that can be used to undermine confidence in the U.S. election system, Director of National Intelligence John Ratcliffe announced at a press conference Wednesday evening.

Why it matters: The revelation comes roughly two weeks before Election Day. Ratcliffe said Iran has sent threatening emails to Democratic voters this week in states across the U.S. and spread videos claiming that people can vote more than once.

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