Trump says he'll nominate Stephen Moore to Federal Reserve Board

Moore has emerged as an ardent critic of the Federal Reserve Board under its current chairman, Jerome Powell, who fell out of favor with Trump last year

Donald Trump said he’s nominating Stephen Moore, a visiting fellow at the Heritage Foundation and a long-time supporter of the president, for a seat on the Federal Reserve Board.

Trump made the announcement Friday to reporters traveling with him to Palm Beach, Florida, confirming an earlier Bloomberg News report. The president later said in a tweet that Moore is “a very respected Economist” and said he has “no doubt he will be an outstanding choice.”

Moore has emerged as an ardent critic of the Federal Reserve Board under its current chairman, Jerome Powell, who fell out of favor with Trump