President Trump says he will nominate Stephen Moore, his former campaign adviser and author of 'Trumponomics,' to the Federal Reserve Board
"It is my pleasure to announce that @StephenMoore, a very respected Economist, will be nominated to serve on the Fed Board. I have known Steve for a long time -- and have no doubt that he will be an outstanding choice!" Trump tweeted.Moore, 59, is the author of"Trumpeconomics: Inside the America First Plan to Revive Our Economy" and a former member of the Wall Street Journal editorial board. He was also formerly a CNN contributor.
Read MoreThere are currently two vacancies on the seven-member Fed Board.Former pizza executive and Republican presidential candidate Herman Cain is also under consideration.Trump hasn't been shy about criticizing the Fed, targeting Chairman Jerome Powell, a former investment banker named by Trump.The President blasted the central bank for going"loco" for raising rates four times last year.
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